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George Jefferson established a trust fund that provides $178,500 in scholarships each year for worthy students. The trust fund earns a 5 percent rate of

George Jefferson established a trust fund that provides $178,500 in scholarships each year for worthy students. The trust fund earns a 5 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed? $5,355,000 $4,284,000 $3,149,811 $3,570,000 $7,140,000

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