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You decide to endow a scholarship at your high school for $5,000 per year starting next year, and then growing by 2% annually. If interest

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You decide to endow a scholarship at your high school for $5,000 per year starting next year, and then growing by 2% annually. If interest rates are 7%, how much must you donate today to fund the scholarship? $100,000.00 $250,000.00 $102,000.00 $71,428.57

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