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Clarissa want to fund a growing perpetuity that will pay $5000 per year to a local museum starting next year. she wants the annual amount

Clarissa want to fund a growing perpetuity that will pay $5000 per year to a local museum starting next year. she wants the annual amount paid to the museum to grow by 3% per year. given that the interest rate is 8% how much does she need to fund this perpetuity?

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