A friend of QUT wishes to establish a trust to pay a perpetual scholarship in the IN memory of his mother . The scholarship would be offered every three years with the first one awarded immediately . The amount of the scholarship would be $30000 . How much would he have to pay into a trust fund now* low to meet its commitments , if the fund can earn returns of 5% per annum ?" Selected Answer :" 200000 Answers : 200000 220325 230000 630000 Unable to calculate because you need a three year rate and this is not given . 60000 0 190325