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D Question 19 5 pts A univertity alumni group wants to provide a monthly scholarship to current students. If the scholarship amount of $1, 400

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D Question 19 5 pts A univertity alumni group wants to provide a monthly scholarship to current students. If the scholarship amount of $1, 400 is awarded monthly beginning 1 month from now, and the fund earns interest at a rate of 7% per year compounded continuously, find the amount of the endowment the alumni are required to make now. $336, 000 $216, 000 $192, 000 $240, 000 360, 000

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