Question: Question 4 (0.2 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $10000 in

Question 4 (0.2 points) How much would you need to gift to the university today to establish a scholarship fund that pays out $10000 in scholarships in one year and grows the scholarship payout by 3% per year? Assume that the university endowment earns 9% per year on its investments. Your Answer: Answer Hide hint for Question 4 Use the growing perpetuity formula

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