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After many years teaching finance at SFU, Allen wants to establish a scholarship to offer four $5,000 awards each year growing at 2% a year

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After many years teaching finance at SFU, Allen wants to establish a scholarship to offer four $5,000 awards each year growing at 2% a year to students whose performance is excellent in finance courses. If the university can achieve a 6% effective interest rate, how much does Allen need to provide the scholarship fund today? DO NOT ENTER COMMAS, DECIMALS OR "$" IN YOUR

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