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3) A school's parent council wants to set up a scholarship fund for students who demonstrate leadership in the community. How much needs to be

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3) A school's parent council wants to set up a scholarship fund for students who demonstrate leadership in the community. How much needs to be invested today so that a scholarship of $1000 can be awarded at the end of each year over the next 10 years? Interest earned on the fund will be compounded annually

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