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30 30. An endowment fund is set up today. It provides payments of $2000 a year forever (first payment one year from now). The interest

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30. An endowment fund is set up today. It provides payments of $2000 a year forever (first payment one year from now). The interest rate is j1=8% for the first year and j1=6% each year thereafter. How much is needed to be deposited (invested) today? (answer to nearest dollar) (A) $30,864 (B) $35,333 (C) $32,716 (D) $36,145

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