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You want to endowa scholarship that will pay $1,500 per year forever, starting one year from now. If the school's endowinent discount rate is 18%,

You want to endowa scholarship that will pay $1,500 per year forever, starting one year from now. If the school's endowinent discount rate is 18%, what amount must you donate to endow the scholarship? $1,770 \$1.271 57,062 $8,333

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