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3. Shirley wants to create an educational trust fund that distributes $125,000 scholarship semi-annually to...

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Accounting

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3. Shirley wants to create an educational trust fund that distributes $125,000 scholarship semi-annually to Xavier University, forever. The fund will distribute its first scholarship 25 years away from today. She will set aside all of the funds for the trust today in an account that pays 6% APR, compounded semi-annually. How much should she set aside today

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