GiGi Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The schoo

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GiGi Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The schoo

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GiGi Scholarship recently starts to fund annual scholarships for
students at SCSU as a gift to the University. The school expects to
earn an average rate of return of 7 percent and distribute $8466
annually in scholarships. What was the amount of the gift?
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