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George Jefferson established a trust fund that provides $165,500 in scholarships each year for worthy students. The trust fund earns a 4 percent rate of
George Jefferson established a trust fund that provides $165,500 in scholarships each year for worthy students. The trust fund earns a 4 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed? Multiple Choice $3,972,000 $6,620,000 O $2,920,413 o $4,137,500
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