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Juan wants to fund a growing perpetuity that will pay $10,000 per year to his beloved Alma Mater, starting next year. He wants the annual

Juan wants to fund a growing perpetuity that will pay $10,000 per year to his beloved Alma Mater, starting next year. He wants the annual amount paid to the museum to grow by 3% per year. Given that the interest rate is 8%, how much does she need to fund this perpetuity?

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