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m A prominent alumnus of your university has just donated $3,000,000 to fund a scholarship that will distribute $110,000 per year forever beginning in one

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m A prominent alumnus of your university has just donated $3,000,000 to fund a scholarship that will distribute $110,000 per year forever beginning in one year. For this to be true, what rate of retum is expected on the donation? Multiple Choice 01:49:00 3.85% 3.53% 3.79% O 3.67% 0 3.91%

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