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help asap 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
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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 8%, what amount miust you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In the first case, the amount you must donate today is s(Round to the nearest cent) How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In this case,the amount you must donate today is SRound to the nearest cent) nts forStep by Step Solution
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