A an generous alum would like to establish endowment that would sponsor a student organizations conferences in perpetuity. A one time cost $360,000 must be paid today to purchase supplies for the Conferences. The conference is held once every four years and cost $130,000 The alum's gift is invested in an account that earns 5.6% annually. How much would the alum need to place in the endowment to be able to Sponsor the students organizations Conferences? A) 360,000+ 139000/0.056 B) 360,000 (1.056)" + 130,000/0.056 c) 360,000 (1,056) - 130,000 (AIF 5.6%, 4) D) 360 0.036 360,000 + 130000 (AIF 5.6%, 4) 0.056