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Carlos Maestas wants to establish a scholarship fund to help students from his high school attend colleg He wants to provide each of three students

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Carlos Maestas wants to establish a scholarship fund to help students from his high school attend colleg He wants to provide each of three students with $3,000 (for a total of $9,000) each year, indefinitely. I sets up an account to pay out the money each year, using interest only, and the account earns 8% per year, how much does he need to put into the account? $110,101 $112,500 $123,996 $128,765

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