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You want to endow a professorship at CSUF. The University earns 6% per year on its investments, and the professor will be receiving her first

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You want to endow a professorship at CSUF. The University earns 6% per year on its investments, and the professor will be receiving her first payment of 20,000 in one year, and 2% more per year thereafter. How much do you need to endow today? O $250,000 O $333,333 O $500,000 O $1,000,000 4 pts Question 20 die will last

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