Solved: What amount must donate to endow the scholarship, Financial Accounting

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What amount must donate to endow the scholarship

Response to the following problem:

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 7%, what amount must you donate to endow the scholarship?

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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Financial Accounting: What amount must donate to endow the scholarship

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Financial Accounting: What amount must donate to endow the scholarship

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