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Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $2,250 to a deserving finance student. How much must

Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $2,250 to a deserving finance student.

How much must she donate today in order for the first payment to start in five years? Assume an interest rate of j₁=4%

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