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show work please A grateful donor wishes to start an endowment at her alma mater that will provide scholarship money of $50,000 per year beginning
show work please 
A grateful donor wishes to start an endowment at her alma mater that will provide scholarship money of $50,000 per year beginning next year and continue indefinitely. If the funds earn 8% per year, the amount she must donate now is closest to Step by Step Solution
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Foundations Of Financial Markets And Institutions
Authors: Frank J. Fabozzi, Franco Modigliani, Michael G. Ferri
2nd Edition
0136860567, 9780136860563
