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A donor contributed $500,000 to the city stipulating that the money be invested and that the earnings thereon be used for maintenance of the a

A donor contributed $500,000 to the city stipulating that the money be invested and that the earnings thereon be used for maintenance of the a band shell in the city's park. The $500,000 would most appropriately be recorded in a(an):

Endowment fund.

Agency fund.

Permanent fund.

Private-purpose trust fund.

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