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You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to deposit today in

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You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to deposit today in one lump sum to achieve this goal if you can earn a guaranteed 6.25 percent rate of return? What is the effective annual rate of 10.6 percent compounded semiannually? %(x.xx%)

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