An alumnus wishes to start a scholarship of $35,000 per year beginning in two years and continuing indefinitely. The donor plans to give half of the money now and the other half next year. At 8% per year interest, how much does the donor needs to give each year? $218,750 $236.250 $202,546 $194,756 QUESTION 16 Your grandparents deposited $12,000 in an investment account on the day you was born to help pay tuition when you go to college. If the account was worth 353,865.79 eighteen years after the deposit was made, what was the interest rate on the account? 8.5% 7.9% 8.7%