Suppose $50,000 was invested on January 1,1980 at an annual effective interest rate of 5% in order to provide an annual (calendar-year) scholarship of $4,000 each year forever, the scholarships paid out each January 1 . (a) In what year can the first $4,000 scholarship be made? (b) What smaller scholarship can be awarded the year prior to the first $4,000 scholarship? (Round your answer to the nearest cent.) \$ Answer 1: 10 Answer 2: 1444.73