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Tyler wants to fund a series of scholarships at his alma mater by donating $1 million today. He wants the donation to generate 20000 in
Tyler wants to fund a series of scholarships at his alma mater by donating $1 million today. He wants the donation to generate 20000 in scholarships every year forever with the first one occurring one year from now. What annual return must the scholarship fund generate in order to meet these expectations.
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