421.3
3.You will probably want to give something back to the UW at some
point in your life time. You could endow a scholarship
when you retire. Assume that, 40 years from now, in-state tuition
for the UW will be $18000. How much would it cost today to
endow a scholarship that paid $18000 per year forever starting 40
years from now. Assume a discount rate of 8% per year, compounded
annually.