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Brooklyn College alumni recently established an endowment fund that will provide annual scholarships of $18,000 for 21 years. The fund will pay the first scholarship

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Brooklyn College alumni recently established an endowment fund that will provide annual scholarships of $18,000 for 21 years. The fund will pay the first scholarship immediately. The fund can earn annual rate of return at 8% managed by professional money managers. - Attempt 1/2 for 10 pts. Part 1 How much money shoud be put into the fund today? + decimals Submit

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