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) A donation of $2,000,000 is to be used to provide semi-annual scholarships. The first is awarded 2.5 years from now. Interest is 6% compounded

) A donation of $2,000,000 is to be used to provide semi-annual scholarships. The first is awarded 2.5 years from now. Interest is 6% compounded monthly, what is the size of the scholarships?

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