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Question 12 (2 points) Listen Naomi Osaka wants to set up a (perpetual) scholarship program, beginning immediately, by donating $400,000. The administrator of the scholarship

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Question 12 (2 points) Listen Naomi Osaka wants to set up a (perpetual) scholarship program, beginning immediately, by donating $400,000. The administrator of the scholarship stated the scholarship could earn 4.0% compounded annually. What annual payment could the scholarship sustain? (2 decimals)

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