3) (24 points) An OSU alumna wants to establish a scholarship fund that can provide $10,000 annually for scholarships over a 20-year period, starting exactly 6 years from now (t=6). She is planning to make the following cash contributions- an initial (t=0) contribution now followed by 5 annual (El through t=5) contributions. She just contributed $50,000. She plans to make 5 equal annual contributions starting one year from now. If the fund is expected to earn 10% per year compounded annually, determine the annual contribution she would have to make over the next 5 years.
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