Question: mework K < Question 3, P 4-12 (similar to) HW Score: 11.11%, 1 of 9 points O Points: 0 of 1 The amount you must

mework K < Question 3, P 4-12 (similar to) HW Score: 11.11%, 1 of 9 points O Points: 0 of 1 The amount you must donate is $ You want to endow a scholarship that will pay $12,000 per year forever, starting one year from now. If the school's endowment discount rate is 7%, what amount must you donate to endow the scholarship? Save (Round to the nearest cent.)

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