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Show full steps. Sally Mander has decided to endow her university with a perpetual gift of $100,000 annually. Sally plans on giving this gift in

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Sally Mander has decided to endow her university with a perpetual gift of $100,000 annually. Sally plans on giving this gift in 10 years. Assuming interest rates remain at 8%, how much will Sally need to save annually over the next 10 years to fund this endowment?

The answer should be around 80k+

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