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You want to endow a scholarahip that will pay $8,000 por yoar forever, starting one year from now. If the schaols andoweneet discount rate in

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You want to endow a scholarahip that will pay $8,000 por yoar forever, starting one year from now. If the schaols andoweneet discount rate in ak, what aroount must you donate to endow tie scholarship? How would your antwer change if you endow it now, but it makes the fint award to a student 10 years from todey? In the first case, the amount you must donate today in 5 (Round to the nearest cent.) How would your answer change if you endow it now, but it makes the fint award to a student 10 yoars from today? In this case, the amount you must donate today is $ (Round to the neareat cent)

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