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2.3 1. A donor (you) wishes to start an endowment that will provide scholarship money of $60,000 per year beginning in year 5 and continuing

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2.3 1. A donor (you) wishes to start an endowment that will provide scholarship money of $60,000 per year beginning in year 5 and continuing indefinitely. If the university earns 12% per year on the endowment, the amount you must donate now is closest to: $248,360 AO $283700 $273,200.co $ 269773.00

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