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Question 7 (0.8 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $30000 in

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Question 7 (0.8 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $30000 in scholarships in one year and grows the scholarship payout by 4% per year? Assume that the university endowment earns 8% per year on its investments. Your

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