Question: NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPRATELY 4. (1 mark) As a wealthy

NOTE: PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPRATELY

4. (1 mark) As a wealthy graduate of the University of Calgary, Department of Economics, you have decided to give back to the University in the form of a scholarship. You have decided to donate a one-time gift of $500,000 that will be invested at a rate of 5.5% per year. The scholarship amount will grow at the rate of inflation expected to remain at 3% per year and the scholarship will be issued yearly forever. How much will the yearly scholarship be for

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