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Uncle George would like to establish a scholarship fund that will provide $35,000 a year forever. The scholarship fund is going to be invested very
Uncle George would like to establish a scholarship fund that will provide $35,000 a year forever. The scholarship fund is going to be invested very conservatively so the expected rate of return is only 1.50%. How much money must he deposit today to fund this scholarship fund? $2,333,333$2,166,667$2,066,667$2,033,333$2,133,333
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