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A foundation supports an annual seminar on campus by using the earnings of a $50,000 gift. It is felt that 10% interest will be realized

A foundation supports an annual seminar on campus by using the earnings of a $50,000 gift. It is

felt that 10% interest will be realized for 10 years, but that plans should be made to anticipate an

interest rate of 6% after that time. What uniform annual payment may be established from the

beginning, to fund the seminar at the same level into infinity?

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