11 points Adonor gives $6 million to fund scholarships at a university. The university Invests the donation in its endowment, which pays an annual rate of return of 6.9%. If the first scholarships will be paid in exactly one year and future scholarships will be paid every subsequent year forever, what is the total amount of scholarships the university can be award each year? Enter your answer as a positive number rounded to the nearest dollar Type your answer Previous Next