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You intend to endow a scholarship that pays $6,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 3% per

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You intend to endow a scholarship that pays $6,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 3% per 6-month period, how much money will you have to donate today to endow the scholarship? You will need to donate $ (Round to the nearest dollar.)

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