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In January 2021, Ho wants to fund two academic award to Economics and Mathematics of $1,000 each per year forever. The first award to Economics

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In January 2021, Ho wants to fund two academic award to Economics and Mathematics of $1,000 each per year forever. The first award to Economics begins immediately and that to Mathematics begins in January 2025. How much should he have in his saving account which offers him an annual interest rate of 8%

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