An award is being established, and it will pay $11,700 every three years, with the first installment being paid in three years. The award will be given for an indefinitely long period of time. If the interest rate is 5% per annum, what lump-sum amount of money (invested now) will be required to endow this award forever? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 5% per year. The lump-sum amount of money required to endow this award forever is $. (Round to the nearest dollar.) More Info N 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 Single Payment Compound Amount Factor To Find F Given P FIP 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 1.4071 1.4775 1.5513 1.6289 1.7103 1.7959 1.8856 1.9799 2.0789 2.1829 2.2920 2.4066 2.5270 2.6533 2.7860 2.9253 3.0715 3.2251 3.3864 Discrete Compounding; i = 5% Compound Amount Factor To Find F Given A FIA 4.3219 5.5160 7.0400 8.9850 11.4674 Present Worth Factor To Find P Given F PIF 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.3589 0.3418 0.3256 0.3101 0.2953 0.2314 0.1813 0.1420 0.1113 0.0872 1.0000 2.0500 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 11.0266 12.5779 14.2068 15.9171 17.7130 19.5986 21.5786 23.6575 25.8404 28.1324 30.5390 33.0660 35.7193 38.5052 41.4305 44.5020 47.7271 66.4388 90.3203 120.7998 159.7002 209.3480 Uniform Series Present Worth Factor To Find P Given A 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 11.2741 11.6896 12.0853 12.4622 12.8212 13.1630 13.4886 13.7986 14.0939 15.3725 16.3742 17.1591 17.7741 18.2559 Sinking Fund Factor To Find A Given F AIF 1.0000 0.4878 0.3172 0.2320 0.1810 0.1470 0.1228 0.1047 0.0907 0.0795 0.0704 0.0628 0.0565 0.0510 0.0463 0.0423 0.0387 0.0355 0.0327 0.0302 0.0280 0.0260 0.0241 0.0225 0.0210 0.0151 0.0111 0.0083 0.0063 0.0048 Capital Recovery Factor To Find A Given P AIP 1.0500 0.5378 0.3672 0.2820 0.2310 0.1970 0.1728 0.1547 0.1407 0.1295 0.1204 0.1128 0.1065 0.1010 0.0963 0.0923 0.0887 0.0855 0.0827 0.0802 0.0780 0.0760 0.0741 0.0725 0.0710 0.0651 0.0611 0.0583 0.0563 0.0548 X Clear all Check answe