Question: Could you please help with this assignment homework questions? Thank you! KEY QUESTIONS Lesson 6 1. [8 marks] You've just inherited $200 000 from your

Could you please help with this assignment homework questions? Thank you!

KEY QUESTIONS Lesson 6 1. [8 marks] You've just inherited $200 000 from your grandfather. You will invest most or all of the money to provide two annual scholarships in his memory for the next 30 years. If the interest rate is 6.5% compounded annually, determine the following: a) You invest all the money. What is the annual amount of each scholarship if the entire amount of the inheritance is invested? Hint: Remember there are two scholarships given out each year so the total annual payment needs to be divided by 2 to get the value of each scholarship. b) You do not invest all the money. What is the amount to invest now so that each annual award will be $5000 meaning the two scholarships will total $10 000

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