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. Mr. Jones started a scholarship fund for minority students. His goal is to provide the university with $180,000 of financial support each year forever.
. Mr. Jones started a scholarship fund for minority students. His goal is to provide the university with $180,000 of financial support each year forever. If the rate of interest is 6.375%, how much money will Mr. Jones have to give the university today to provide the desired level of support? Show how this would look in a financial calculator.
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