- Question 16 April wants to create a scholarship fund by saving for several years before the fund starts making annual scholarship payments forever. She plans to save 27,000 dollars per year for 6 years. Her first savings contribution is expected later today. How much can the fund be expected to provide each year for scholarships if the fund is expected to earn 13.18 percent per year, make equal scholarship payments forever, and make its first scholarship payment in 7 years? 1 point Number Help mh - Question 17 Vanessa wants to create a scholarship fund by saving for several years before the fund starts making annual scholarship payments forever. She plans to save $207,000 per year for 6 years. Her first savings contribution is expected in 1 year. What is the expected amount of the scholarship payment that the fund will make in 7 years if the fund is expected to have a return of 7.60 percent per year, make annual scholarship payments that grow annually by 2.30 percent forever, and make its first scholarship payment in 7 years? 1 point Number Help Number