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You want to endow a scholarship that will pay $10,000 per year forever, starting one year...

You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. If the school’s endowment discount rate is 4%, what amount must you donate to endow the scholarship?
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Answer #1

Ansons 8 250000 Explanatim-you wont one years Interest on the endowment to be equal to $10.000 The principal can be found b

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