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you decied to give a school an endownment that will pay 8 0 K per year fprever, with a continuouly compounded annua; increase of 1

you decied to give a school an endownment that will pay 80K per year fprever, with a continuouly compounded annua; increase of 1%. assuming that you can lock an interetst rate of 3% figure out how much you would have to pay inorder to allow this endownment to continue forever

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