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Perpetuity. A company wants to pay a $1000 scholarship each year in perpetuity. The interest rate of the investment will be 2%. How much principal

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Perpetuity. A company wants to pay a $1000 scholarship each year in perpetuity. The interest rate of the investment will be 2%. How much principal is needed to produce the annual scholarship? 1,000,000 100,000 10.000 50.000

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