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City of New Orleans wants to set up the special fund to support the annual maintenance cost of $20,000 for Lake Pontchartrain Causeway Bridge forever.

City of New Orleans wants to set up the special fund to support the annual maintenance cost of $20,000 for Lake Pontchartrain Causeway Bridge forever. Suppose the interest rate is constant as 15%. Then, how much should City of New Orleans set aside to the special fund now?

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