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Assume you wish to establish a college scholarship of $2,000 per year for a deserving student at the high school you attended. You would like
Assume you wish to establish a college scholarship of $2,000 per year for a deserving student at the high school you attended. You would like to make a lump-sum gift to the high school to fund the scholarship into perpetuity. The school's treasurer assures you that they will earn 7.5% annually forever.
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