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Question 16 4 pts A recent alumnus of your university gifted money to the school to fund annual scholarships for students in need. The school

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Question 16 4 pts A recent alumnus of your university gifted money to the school to fund annual scholarships for students in need. The school wants to distribute $34,000 annually in scholarships. If they believe they can earn 5.50% on the donation, how much do they need to receive from the gift? $187,000.00 $485,293.05 $618,181.81 $909,090.91

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