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you want to endow a scholarship that will pay $14,000 per year forever, starting one year from now. if the schools endowment discount rate is

you want to endow a scholarship that will pay $14,000 per year forever, starting one year from now. if the schools endowment discount rate is 7%, what amount must you donate to endow the scholarship? how would your answer change if you endow it now, but make the first award to a student 10 years from today?

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