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You have $ 1 0 0 , 0 0 0 to donate to your university. The university's discount rate is 5 % . You donate
You have $ to donate to your university. The university's discount rate is You donate the money today, but
you ask the college to delay the scholarship payment so that the first scholarship payment is made years from today.
How large will the annual payment be
The annual scholarship payment will be $Round to the nearest cent.
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