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You want to endow a scholarship that will pay $12.000 per year forever, starting one year from now if the schoor's endowrment discount rate is

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You want to endow a scholarship that will pay $12.000 per year forever, starting one year from now if the schoor's endowrment discount rate is 10%, what amount must you donate to endow the scholarship? The amount you must donate is 5 (Round to the nearest cont)

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