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The Tahitian Lottery has promised an annual stipend of $75,000, forever, and permanent residency on Tahiti. Assuming interest rates of 6%, how much must

The Tahitian Lottery has promised an annual stipend of $75,000, forever, and permanent residency on Tahiti. Assuming interest rates of 6%, how much must the Tahitian authorities set aside today to guarantee this stipend? Round answer to the closest dollar. Stipend to be kept aside $

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