Question: need help please Question 4 a) You have decided to endow your favorite university with a scholarship. It is expected to cost RM7,500 per year

need help please Question 4 a) You have decided to endow your need help please

Question 4 a) You have decided to endow your favorite university with a scholarship. It is expected to cost RM7,500 per year to attend the university into perpetuity. You expect to give the university the endowment in 10 years and will accumulate it by making equal annual (end of year) deposits into an account. The rate of interest is expected to be 10% for all future time periods. i. ii. How large must the endowment be? (4 marks) How much must you deposit at the end of each of the next years to accumulate the required amount

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