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GiGi Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The school expects to earn an average

GiGi Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The school expects to earn an average rate of return of 4 percent and distribute $8,890 annually in scholarships. What was the total amount of the gift?

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