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one year from now. If the school's endowment discount rate is 8 % , what amount must you donate to endow the scholarship? Question content

one year from now. If the

school\'s endowment discount rate is

8 %,

what amount must you donate to endow the

scholarship?

Question content area bottom

Part

1

The amount you must donate to endow the scholarship is

. (

Round to the nearest

cent.

)

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