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Suppose you would like to give back to Northeastern University with a donation every year starting eight years from today. Suppose your first donation (eight

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Suppose you would like to give back to Northeastern University with a donation every year starting eight years from today. Suppose your first donation (eight years from today) is $10,000, and you plan to grow this annual donation at a rate of 3 percent per year forever. If you expect to earn 7 percent per year on your money, how much must you set aside today to fund this donation? Multiple Choice $145,502 $190,724 $250,000

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