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11. If you wanted to endow a 4-year Quidditch scholarship awarding $7,500 per year to a deserving student athlete, how much money do you have

11. If you wanted to endow a 4-year Quidditch scholarship awarding $7,500 per year to a deserving student athlete, how much money do you have to deposit assuming the donation will earn a 8% rate of return?

PLEASE SHOW ALL WORK, SO I CAN LEARN HOW TO DO IT FOR FUTURE PROBLEMS

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