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Part $1$

You have $$$$400$ comma $000$ to donate to your college. You want to endow a perpetual scholarship that makes its first payment in $1$ year. If the$$ college's discount rate is $9\%,$ how large will the annual scholarship payment$$ be$?$

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Part $1$

The annual scholarship payment will be $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$