You have ?$100,000 to donate to your college. The? college’sdiscount rate is 5?%. You donate the mon
You have $100,000 to donate to your college. The college’sdiscount rate is 5%. You donate the money today, but you ask thecollege to delay the scholarship payment so that the firstscholarship payment is made 10 years from today. How large will theannual payment be? The annual scholarship payment will be ________ (Round to thenearest cent.) . . .
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