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George Jefferson established a trust fund that will provide $227,500 per year in scholarships. The trust fund earns on annual return of 4 percent. How

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George Jefferson established a trust fund that will provide $227,500 per year in scholarships. The trust fund earns on annual return of 4 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? Multiple Choice $4,975,56250 $4,739.58333 $5.250,000.00 $6,500,000.00 $5,687,500.00

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