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Score: 0 of 5 pts 3 of 3 (3 complete XP 4-12 (similar to) You want to endow a scholarship that will pay $11,000 per

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Score: 0 of 5 pts 3 of 3 (3 complete XP 4-12 (similar to) You want to endow a scholarship that will pay $11,000 per year forever, starting one year from now. If the school's endowment discount rate is 4%, what amount must you donate to endow the scholarship? The amount you must donate is (Round to the nearest cent)

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