You want to endow a scholarship that will pay $6,000 per year forever, starting one year from now. If the school's endowment discount rate is 9%, 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 donare today is 5 (Round to the nearest cent) What is the present value of $9,000 paid at the end of each of the next 56 years if the interest rate is 8% per year? The present value is $ (Round to the nearest cent.)