Question: Homework: Chapter 4 Homework Save Score: 0 of 1 pt 3 of 122 complete HW Score: 16.67%, 2 of 12 pts P 4-13 (similar to)

 Homework: Chapter 4 Homework Save Score: 0 of 1 pt 3

Homework: Chapter 4 Homework Save Score: 0 of 1 pt 3 of 122 complete HW Score: 16.67%, 2 of 12 pts P 4-13 (similar to) Question Help You want to endow a scholarship that will pay $8.000 per year forever, starting one year from now if the schools andowment discount rate is 10%, what amount must you donate to endow the scholarship? How would your answer change you endowe 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 nearestent)

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