Carlos is setting up a scholarship fund at his alma mater th…

Carlos is setting up a scholarship fund at his alma mater that will provide an annual award of $`A`,000 to one deserving student forever, starting one (1) year from today. If the university can invest the donation at a `i`% annual interest rate, how much money must Carlos donate today to fully fund the scholarship in perpetuity?  Enter your answer with 2 decimal places and NO special characters. If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.

You will receive $`FV` exactly `n` years from now. If the an…

You will receive $`FV` exactly `n` years from now. If the annual interest rate is `i`% compounded semi-annually, what is the present value of this future amount? **Note the compounding period, you should also consider this when considering the number of periods to assess. If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.