Today you want to endow a scholarship that will pay $8 000 per year forever, starting 10

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Question:

Today you want to endow a scholarship that will pay

$8 000

per year forever, starting

years from now. If the school's endowment discount rate is

4%,

what amount must you donate to endow the scholarship?

Question content area bottom

Part 1

The amount you must donate today to endow a scholarship that will pay

$8 000

per year forever, starting in

years, is $

(Round to the nearest cent.)

Posted Date: May 16, 2024 03:03 PM

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Today you want to endow a scholarship that will pay $8 000 per year forever, starting 10

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