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A generous philanthropist plans to make a one-time donation (today) to a renowned heart research center. She wants the donated funds to be invested to
A generous philanthropist plans to make a one-time donation (today) to a renowned heart research center. She wants the donated funds to be invested to provide the facility with $100,000 per year forever.
If the interest rate is expected to be 5 percent per year for all future time periods, how much must she donate to the center
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