You want to endow a scholarship that will pay $13,000 per year forever, starting one year from now. If the school's endowment discount rate is 6%, 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 $216,666.67

Part 2

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

I only have one more chance at answering the second portion. Please get this right please