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How do you solve this problem using excel? Five years from today, you hope to donate $ 1 0 , 0 0 0 to the

How do you solve this problem using excel?

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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