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You are an exceptional alumnus of the university and are now a millionaire. You would like to help reduce the student loan debt of new

  1. You are an exceptional alumnus of the university and are now a millionaire. You would like to help reduce the student loan debt of new Trine students by providing scholarship. How much would you need to give Trine (one payment) to fund a $10,000 scholarship for the next 10 years knowing that Trine earns 6% on its investments?

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