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Intro Maine Business School alumni recently established an endowment fund that will provide annual scholarships of $15,000 for 24 years. The fund will pay the

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Intro Maine Business School alumni recently established an endowment fund that will provide annual scholarships of $15,000 for 24 years. The fund will pay the first scholarship 1 year from now. The fund can earn annual rate of return at 5% managed by professional money managers. Part 1 (* Attempt 2/3 for 6.7 pts. How much money shoud be put into the fund today

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