Creating an endowment Personal Finence Problem On completion of her instoductory finance course, Mata Lee was so plensed with the amount of useful and interesting knowledge she gained that she convinced her parents, who were wealty ahumni of the university she was attending. to create an endowment. The endowntrent will provide for three students from lowitincome familes to take the introductory finance course each year in perpetuty. The cost of taking the finance course this year is $367 per student (or $1,100 for 3 students), but that cost will grow by 2.8% per year forever. Marla's parents wit create the endowment by making a single payment to the iniversity today. The urversty eppocts to eam 4% per year on these funds. 4. What wil t cost 3 thudents to take the finance class next year? b. How much wit Marta's parents have 10 give the university today to fund the endowment it it etarts paying oul cash flow next year? c. What amount would be needed to fund the endowment if the university could eam 6% rather tran 4% per year on the funda