You want to endow a scholarship that will pay $$9,000$ per year forever,

starting one year from now. If the school's endowment discount rate is $8\%,$

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.$)$