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highlight the answer please You want to endow a scholarship that will pay $7,000 per year forever, starting one year from now. If the school's

highlight the answer please
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You want to endow a scholarship that will pay $7,000 per year forever, starting one year from now. If the school's endowment discount rate is 5%, what amount must 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 \$ (Round to the nearest cont.) - How would your answer change if you endow it now, but it makes the first award to a student 10 years from foday? In this case, the amount you must donate today is: (Round to the nearest cent,)

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