The donation amount required today = Annuity / Discount rate
= 15000 / 0.10
= 150000
In case, the first payment is made at the end of 10 years then the donation amount can be calculated as the prsent value of the donation calculated in first part
= 150000 / (1 + 10%)^10
= 57831.49
You want to endow a scholarship that will pay $15,000 per year forever, starting one year...
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change if you endow it now, but it makes the first award to a student 10 years from today? In the first case, te amount you must donate today is S□ (Round to the nearest cent)
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