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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 7

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 7 %, what amount must you donate to endow thescholarship?

The amount you must donate is $ (Round to the nearestcent.)

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