Question: 5 and 6, NEED IT ASAP! 5. A wealthy BCIT alumnus has decided to make an endowment to the school of business to fund an

5 and 6, NEED IT ASAP!

5. A wealthy BCIT alumnus has decided to make an endowment to the school of business to fund an annual scholarship for the best business math student. She will donate $15,000 and the funds will be invested at 6.6% effective. a. How much will the annual scholarship be if the first scholarship is in one year? b. How much will the annual scholarship be if the first scholarship is now? 6. You purchase some preferred shares that have a semi-annual dividend of $1.25. How much should you pay for the shares if the interest rate is 5% semi-annually and the first dividend is in 6 months

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