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To establish a scholarship fund forever at Toronto Metropolitan University paying $5000 annually if the fund will earn interest at 4% compounded semi-annually and the

To establish a scholarship fund forever at Toronto Metropolitan University paying $5000 annually if the fund will earn interest at 4% compounded semi-annually and the first payment will be made immediately, one needs $ Answer 1 Question 17 5 years from now, one needs $ Answer 2 Question 17

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