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You would like to endow a scholarship fund at your favorite university. The scholarship would pay $ 5 , 0 0 0 per quarter, every
You would like to endow a scholarship fund at your favorite university. The scholarship would pay $ per quarter, every quarter, forever. If the university's endowment fund earns compounded quarterly, how much must you deposit today in order for the first scholarship to be paid one quarter from today?
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