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A Brooklyn College alumnus recently established an endowment fund that will provide annual scholarships of $12,000 for 25 years. The fund will pay the

A Brooklyn College alumnus recently established an endowment fund that will provide annual scholarships of $12,000 for 25 years. The fund will pay the first scholarship in 5 years. The fund can earn annual rate of return at 4% managed by professional money managers. Part 1 How much money shoud be put into the fund today? 0+ decimals Submit Attempt 1/3 for 10 pts.

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