Business

Matey

16 July, 19:32

You want to endow a scholarship that will pay $ 7 comma 000$7,000 per year forever, starting one year from now. if the school's endowment discount rate is 6 %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?

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