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A scholarship amount of $5,500.00 is going to be provided annually. The university has found an investment that will earn 5.0% Annualy. Round ALL final

A scholarship amount of $5,500.00 is going to be provided annually. The university has found an investment that will earn 5.0% Annualy.

Round ALL final answers to the nearest penny (cent), NO dollar signs, USE commas where needed

What is the Present Value of the Perpetuity if:

The scholarship starts in one year?

The scholarship starts immediately?

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