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Farina Kabir & | 03/25/21 8:23 PM lest: Midterm Spring 2021 T/TH Time Remaining: 01:16:35 Submit Test This Question: 1 pt 17 of 20 (0 complete) This Test: 20 pts possible of You want to endow a scholarship that will pay $6,000 per year forever, starting one year from now. If the school's endowment discount rate is 10%, what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In the first case, the amount you must donate today is $ . (Round to the nearest cent.) How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In this case, the amount you must donate today is $ . (Round to the nearest cent.) 12: 12: 11:2 11:11 10:50 10:39 Enter your answer in each of the answer boxes. 10:07 A