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You've had a successful career and wish to create an endowed annual scholarship in the amount $4,000 per year, University officials tell you they can

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You've had a successful career and wish to create an endowed annual scholarship in the amount $4,000 per year, University officials tell you they can earn an annual interest rate of 5.20 on endowed funds How much money do you need to give today to endow this scholarship for as long as the university is in existence? 5132,923 $92,300 $110,769 576.923 $159.508

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