77. An alum of UCONN wishes to create a scholarship that will pay$10,000 at the...
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77. An alum of UCONN wishes to create a scholarship that will pay$10,000 at the end of each year. She wishes this scholarship should continue even after her death. The Foundation of UCONN has an account with a large investment bank that pays 3.0% interest once a year. How much will the alum need to give the Foundation to fund this scholarship?
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