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You want to endow the senior class party at DePaul. It currently costs $4,000 per year. The costs for the party will grow by 2%

You want to endow the senior class party at DePaul. It currently costs $4,000 per year. The costs for the party will grow by 2% per year, and interest rates are 6%. How much do you need to donate to fund this party forever?

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