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a wealthy benefactor just contributed to your college's scholarship program. This gift will provide $20,000 in scholarships next year with that amount increasing by 2

a wealthy benefactor just contributed to your college's scholarship program. This gift will provide $20,000 in scholarships next year with that amount increasing by 2 percent annually thereafter. if the discount rate is 6.5 percent, what is the current value of this perpetual gift?

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