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Wicker Imports established a trust fund that provides $ 157,400 in scholarships each year for needy students. The trust fund earns a 3.00 percent rate

Wicker Imports established a trust fund that provides $157,400 in scholarships each year for needy students. The trust fund earns a 3.00 percent rate of return. How much money did the firm contribute to the fund assuming that only the interest income is distributed?

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