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An OU alumnus wants to create an endowment that will guarantee $100,000 per var to fund professor in sport management indefinitely. How much money would

An OU alumnus wants to create an endowment that will guarantee $100,000 per var to fund professor in sport management indefinitely. How much money would they have to put into an endowment to guarantee those annual payments forever? (assuming a 5% interest rate for the endowment)

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