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Cook Dickson
05/25/2023 · Elementary School

Payourt Annaity - A donor gives \( \$ 100,000 \) to a university, and specifies that it is to be used to give annual scholarships for the next 20 years. If the university can earn \( 4 \% \) interest, how much an they give in scholarshps each year?

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The university can give approximately \( \$5,050.63 \) in scholarships each year for the next 20 years.

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