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An Alumnus of West Virginia University - $10
An Alumnus of West Virginia
University whishes to start an endowment that will provide scholarship
money of $40,000 per year beginning in year 5 and continuing
indefinitely. The donor plans to give money now and for each of the next
2 years. If the size of each donation is exactly the same, the amount
that must be donated each year at I = 8% per year is closest to:
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