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You intend to endow a scholarship that pays $4,000 every 6 months, starting 6 months...

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Finance

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You intend to endow a scholarship that pays $4,000 every 6 months, starting 6 months from now. If the appropriate discount rate is 5% per 6 -month period, how much money will you have to donate today to endow the scholarship? You will need to donate $ (Round to the nearest dollar.)

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