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Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship

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Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $7,000 and her donation can earn 5% interest per year, how much money must Jenny donate today? (Round your answer to the nearest dollar)

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