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Question 7 (1 point) Mr. and Mrs. Templeton want to establish a bursary that pays an annual award of $750 in perpetuity. The first award

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Question 7 (1 point) Mr. and Mrs. Templeton want to establish a bursary that pays an annual award of $750 in perpetuity. The first award payment will be four years. How much money must the set aside today in order to fund the bursary? Assume that the money will earn an interest rate of j1=3.5%. Your

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