$125,000 is used to set up a perpetual scholarship fund. Annual payments will be made at...
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$125,000 is used to set up a perpetual scholarship fund. Annual payments will be made at the end of each year. What is the size of the annual payment if the fund earns 5% compounded annually? $125,000 is used to set up a perpetual scholarship fund. Annual payments will be made at the end of each year. What is the size of the annual payment if the fund earns 5% compounded annually?
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