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UUM will provide RM15,000 in scholarship funds next year with that amount increasing by 1.5 percent annually thereafter. If the discount rate is 4.1 percent,

UUM will provide RM15,000 in scholarship funds next year with that amount increasing by 1.5 percent annually thereafter. If the discount rate is 4.1 percent, what is the current value of this perpetual scholarship?

A. RM777,777.78

B. RM748,602.49

C. RM726,849.29

D. RM576923.076

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