Alysha, a retired librarian, would like to donate some money to her alma mater to endow a
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Question:
Alysha, a retired librarian, would like to donate some money to her alma mater to endow a $4,000 annual scholarship. The first scholarship will be awarded in 5 years. The university will manage the funds and expects to earn 5 percent per year. How much will Alysha have to donate so that the endowment fund never runs out? (Round answer to 0 decimal places, e.g. 125. Do not round your intermediate calculations.)
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