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You want to endow a scholarship that will pay $13,000 per yearforever, starting one year from now. If theschool's endowment discount rate is 9 %

You want to endow a scholarship that will pay $13,000 per yearforever, starting one year from now. If theschool's endowment discount rate is 9 % what amount must you donate to endow thescholarship?

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