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