You want to endow a scholarship that will pay $15,000 per year forever, starting one year from now. If the schools endow

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answerhappygod
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You want to endow a scholarship that will pay $15,000 per year forever, starting one year from now. If the schools endow

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You want to endow a scholarship that will pay $15,000 per year
forever, starting one year from now. If the schools
endowment discount rate is 9%, 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?
1- In the first case, the amount you must donate today is
$_____
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