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Larissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum starting next year. she wants the annual amount
Larissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum starting next year. she wants the annual amount paid to the museum to grow by 5% per year. given that the interest rate is 9%, how much does she need to fund this perpetuity?
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