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Scott wants to endow a scholarship for the College of Business. The scholarship will make a payment of $ 1 5 , 0 0 0
Scott wants to endow a scholarship for the College of Business. The scholarship will make a payment of $ per year forever.
The first scholarship will be paid five years from today.
Suppose the interest rate is How much does Scott need to set up the scholarship today?
A $
B $
C $
D $
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