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Kellie Osborn plans to make 4 equal annual deposits into a scholarship fund beginning today.If the fund earns an annual interest rate of 6 percent,

Kellie Osborn plans to make 4 equal annual deposits into a scholarship fund beginning today.If the fund earns an annual interest rate of 6 percent, how much would he have to deposit each year so that the fund could provide a $7000 scholarship each year into infinity with the first scholarship being awarded 4 years from today?

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