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You want to endow a scholarship that will pay $10,000 per year forever, starting payments one year from now.If the school's endowment discount rate is

You want to endow a scholarship that will pay $10,000 per year forever, starting payments one year from now.If the school's endowment discount rate is 7%, what amount must you donate today to endow the scholarship? Select the answer that is closest to the correct answer.

A. 142857

B. 152857

C. 700000

D. 542324

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