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University is planning to launch a scholarship that pays 5 0 0 0 0 per year to students to cover their tuition . University is

University is planning to launch a scholarship that pays

50000

per year to students to cover their tuition

.

University is investing in a Debt mutual fund giving

6 %

per year rate of return

.

The scholarship will go on into perpetuity

.

How much should it invest?

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