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Your father wishes to start an endowment that will provide scholarship money of $80,000 per year beginning in year 5 and continuing indefinitely. If the

  1. Your father wishes to start an endowment that will provide scholarship money of $80,000 per year beginning in year 5 and continuing indefinitely. If the university earns 10% per year on the endowment, the amount your father must donate now is closest to

    A.

    $-536400
    B.

    $-546400
    C.

    $-556400
    D.

    $-545400

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