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I want to set up a scholarship fund in memory of my good friend. I want to provide five $5,000 scholarships each year. I want
I want to set up a scholarship fund in memory of my good friend. I want to provide five $5,000 scholarships each year. I want these scholarships to be available forever (perpetual). How much do I need to invest now to make this scholarship a reality. I think I can average 10% rate of return.
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