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2) Mary has decided to donate some funds to her university. She would like to fund an endowment that will provide a scholarship of $30,000

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2) Mary has decided to donate some funds to her university. She would like to fund an endowment that will provide a scholarship of $30,000 each year in perpetuity, and also a special award, "Student of the Decade," each ten years (again, in perpetuity) in the amount of $90,000. How much money does Mary need to donate today, in one lump sum, to fund the endowment? Assume the fund will earn a return of 5% per year. (14 p.)

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