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Points: 0 of 2 Save You want to endow a scholarship now that will pay $ 1 0 , 0 0 0 per year forever,

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You want to endow a scholarship now that will pay $10,000 per year forever, starting the first award 10 years from now. If the school's endowment discount rate is 9%, what amount must you donate today to endow the scholarship?
The amount you must donate today to endow the scholarship is $ (Round to the nearest cent.)
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