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A company is planning on donating an award of excellence to a local high school. They would like to give $1000 for this award at

A company is planning on donating an award of excellence to a local high school. They would like to give $1000 for this award at the end of each year for the next 20 years. How much would they have to invest now if the investment earns 3.8% per year, compounded annually?

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