3. You have decided to endov.r your favorite university with a scholarship. It is expected to cost $ 6,000 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-ofyear) deposits into an account. The rate of interest is expected to he 1% for all future time periods. ' How large must the endowment he? - How much must you deposit at the end of each of the next 10 years to accumulate the required amount