You You ha ue 100,000otodonate to your college. you wantto endow aperpetual scholauship that ma kes its 1stpayment in 1 year, Ifthe Colleses discount 4%0 how large will the annual scholarshie payment be? Round tothe nearest dollar

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Q: suppose you decide to deposit $6400 into w 3 year cd wirh a 2.5 apy the value of the cd after a year…

A: Payment = p = $6400Interest Rate = r = 2.5%Time = t = 1