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Formula solution only please! a Additional Exercise 4 You want to endow a scholarship that will pay $10,000 per year forever, starting one year from
Formula solution only please!
a Additional Exercise 4 You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. If the school's endowment discount rate is 7%, what amount must you donate to endow the scholarship? 0 1 2 7% 10,000 10,000 Formula solution only: Additional Exercise 5 How would your answer to the last problem change if you endow it now, but it makes the first award to a student 10 years from today? 1 2 9 10 11 7% 0 10,000 10,000Step by Step Solution
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