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A donor would like to fund a scholarship that will pay the receipient $ 6 5 0 0 . 0 0 at the end of

A donor would like to fund a scholarship that will pay the receipient $6500.00 at the end of every year for 3 years. If the school can get a 4.00% return on its investment, how much money does the donor need to give today to sufficiently fund the scholarship?

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