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Ally wishes to leave a provision in her will that $4,000 be paid yearly to a local charity forever, starting 1 year after her death.

Ally wishes to leave a provision in her will that $4,000 be paid yearly to a local charity forever, starting 1 year after her death. How much (in $) must she provide in her will for this perpetuity if interest rate is 3%? (Round your answer to the nearest cent.)

$

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