Question

You want to endow a scholarship that will pay $13000 per year​ forever, starting one year from now. If the​ school's endowment discount rate is 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?

Answer 1

The answer of the exercise is attached in the microsoft excel document.

Explanation:

There are two images attached. The first one has the answers, and the second one have the operations displayed and necessary to obtain the results demanded.