Under this circumstance what amount must you donate to, Financial Management

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Under this circumstance what amount must you donate to

You want to endow a scholarship that will pay $10,000 per year forever, starting one year from now. The school’s endowment discount rate is 7%. What amount must you donate to endow the scholarship? b) 5 If you endow it today, but it makes the first award to a student 10 years from today. Under this circumstance, what amount must you donate to endow the scholarship?

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