Question: please answer all the questions. please try to do as quick as possible. i would appreciate it. thank you You want to endow a scholarship
You want to endow a scholarship that will pay $14,000 per year forever, starting one year from now. If the school's endowment discount rate is 5%, what amount must you donnto to ondow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In the first case, the amount you must donnte today in $ (Round to the nearest cant) How would your answer change if you ondow it now, but it makes the first award to a student 10 years from today? In this case, the amount you must donate today in $(Round to the nearent cont.)
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