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You want to endow a scholarship now that will pay $ 1 0 , 0 0 0 per year forever, starting the first award 1
You want to endow a scholarship now that will pay $ per year forever, starting the first award years. from now. If the school's endowment discount rate is what amount must you donate today to endow the scholarship?
The amount you must donate today to endow the scholarship is $Round to the nearest cent.
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