1.) A donor would like to fund a scholarship that will pay the receipient $8500.00 at the end of every year for 5years. If the school can get a 5.50% return on its investment, how much money does the donor need to give today to sufficiently fund the scholarship? - Do not use dollar signs or commas in your answer. Include two decimals in your answer.

 

Answer rating: 100% (QA)

To calculate the present value of the scholarship we can us... View the full answer