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Five years from today, you hope to donate $10,000 to the alumni association. Thereafter, you intend for your annual contributions to grow at a rate

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Five years from today, you hope to donate $10,000 to the alumni association. Thereafter, you intend for your annual contributions to grow at a rate of 3 percent per year, forever. If you can earn 7 percent per year on your investments, how much must you invest today to fund this donation

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