You want to endow a scholarship that will pay

$ 8 comma 000$8,000

per year forever, starting one year from now. If the school's endowment discount rate is

4 %4%,

what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today?

You want to endow a scholarship that will pay $8,000 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? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? in the first case, the amount you must donate today is (Round to the nearest cent) How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In this case, the amount you must donate today is $ (Round to the nearest cent)