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What annual payment would a scholarship provide if it earned a 7.5% rate of return on perpetuity that has a cost of $32,500? a. $433,333.33

What annual payment would a scholarship provide if it earned a 7.5% rate of return on perpetuity that has a cost of $32,500?

a.

$433,333.33

b.

$2,437.50

c.

$3,250

d.

$3,188

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