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24 points Francis wants to start a foundation that will pay its beneficiaries $64,000 per year forever, with the first cash flow occurring one year

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24 points Francis wants to start a foundation that will pay its beneficiaries $64,000 per year forever, with the first cash flow occurring one year from today. If the funds will be invested to earn 7% per year, how much must Frank donate today? Enter your answer as a positive number rounded to the nearest penny

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