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House and Horne, both graduated from CMU's engineering program. They decided to set up an endownent after celebrating thicir 2 5 t h weduling amiversary

House and Horne, both graduated from CMU's engineering program. They decided to set up an endownent after celebrating thicir 25th weduling amiversary today. This endowment will help fund an engineering scholarship at the rate of $25,000 per year starting 11 years from now perpetually. If the fund is invested to earn a high rate of return at 15% per year, what wili the amount of the trust?
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