What size donation should a person make to scholarship fund

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What size donation should a person make to a scholarship fund in order for $250 annual scholarships to be awarded forever if the first scholarship is give out at the end of the first year? The scholarship fund earns 5.25% compounded annually.

Reference no: EM131347972

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What size donation should a person make to scholarship fund : What size donation should a person make to a scholarship fund in order for $250 annual scholarships to be awarded forever if the first scholarship is give out at the end of the first year? The scholarship fund earns 5.25% compounded annually.

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