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How much money should Sharon donate to NCSU so that annual scholarships of $1375 can be awarded forever if the university can earn 8.25% interest

How much money should Sharon donate to NCSU so that annual scholarships of $1375 can be awarded forever if the university can earn 8.25% interest compounded semiannually and the first scholarship is awarded... a)...at the end of 1 year? b)...at the end of 8 years?

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