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Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $1,000 to a deserving finance student. How much must

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Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $1,000 to a deserving finance student. How much must she donate today in order for the first payment to to be given out right away? Assume an interest rate of j1=4%

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