You decide to fund a scholarship at your high school, starting next year and going forever. The scholarship will start at $3,000, growing at 2%. Interest rates are 6%. How much would you need to donate today to fund this? PV = 3000/0.06-0.02 X 1/ (1 + 0.06) = 75000 X 1/(1+0.06) =707754 1