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Save Homework: Class 5 Homework Score: 0 of 1 pt 4 of 10 (0 complete) HW Score: 0%, 0 of 10 pts P 4-16 (similar

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Save Homework: Class 5 Homework Score: 0 of 1 pt 4 of 10 (0 complete) HW Score: 0%, 0 of 10 pts P 4-16 (similar to) Question Help You have $300,000 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 4%, how large will the annual scholarship payment bo? The annual scholarship payment will be $(Round to the nearest dollar.)

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