You want to endow a scholarship that will pay $8,000 per year forever, starting one year from nowthe school's endowment discount rate is 5%what amount must you donate to endow the ? How would your answer changer you endow it now, but makes the award to a student years from today?

You want to endow a scholarstip that will pay $5,000 per year forever, starting one year from now. If the schoors endowmont ditcount rate is 5 k, what amount must you donate fo endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a shident 10 years from today? in the first case, the amount you must donate today is 1 (Flound to the nearest cent)