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The Finance Club would like to endow an annual prize of $1500 to the student who shows the most promise as a future stockbroker. The

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The Finance Club would like to endow an annual prize of $1500 to the student who shows the most promise as a future stockbroker. The club is confident that it can invest indefinitely at an interest rate of at least 4.5% a year. How much does the club need to endow its prize

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