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A wealthy donor wants to start an endowment for women in engineering at Fresno State University that will provide scholarship money of $10,000 per

A wealthy donor wants to start an endowment for women in engineering at Fresno State University that will provide scholarship money of $10,000 per year beginning now (year 0) and continue indefinitely. If the funds earn 5% per year, the amount he must donate now is closet to: $350,000 $210,000 $500,000 $193,000

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