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How much money should Sharon donate to NCSU so that annual scholarships of $ 1 0 7 5 can be awarded forever if the university

How much money should Sharon donate to NCSU so that annual scholarships of $

1075

can be awarded forever if the university can earn

7.5 %

interest compounded semiannually and the first scholarship is awarded...

) . . .

at the end of

1

year?

) . . .

at the end of

13

years?

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