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What is the future value of $3,700 per year for 30 years at an interest rate of 7.59 percent? A prominent alumnus of your university

What is the future value of $3,700 per year for 30 years at an interest rate of 7.59 percent?

A prominent alumnus of your university has just donated $2,900,000 to fund a scholarship that will distribute $107,000 per year forever beginning in one year. For this to be true, what rate of return is expected on the donation?

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