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-/4 points | UTPBFIN1 IV.E.023. My Notes You want to endow a scholarship today that pays $19,000 per year forever, starting one year from now.

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-/4 points | UTPBFIN1 IV.E.023. My Notes You want to endow a scholarship today that pays $19,000 per year forever, starting one year from now. What amount (in ) must you donate today to endow the scholarship if the discount rate is 7%? (Round your answer to the nearest cent.) How would your answer in $) change in if you endow the scholarship now, but it makes the first award to a student 10 years from today? (Round your answer to the nearest cent.)

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