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You want to fund an endowment to provide a $10,000 scholarship each year forever, starting one year from today. If your expected investment rate is

You want to fund an endowment to provide a $10,000 scholarship each year forever, starting one year from today. If your expected investment rate is 8%, how much do you have to invest today to fund this perpetual sequence of scholarships?

Please show how to do via excel.

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