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Assume UMASS boston just received 3 million dollars from a major donor and the school's fund can earn a 6.6% interest rate (compounded yearly). If
Assume UMASS boston just received 3 million dollars from a major donor and the school's fund can earn a 6.6% interest rate (compounded yearly). If the school uses the interest to payout a yearly scholarships, how much can the school payout in yearly scholarships due to this donation? (Please use at least 5 decimal places and do not use $ symbol in the answer)
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