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Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $3,000 to a deserving finance student. How much must she donate today in order for the first payment to to be given out right away? Assume an interest rate of j1=4%. Camosun College has just received a donation of $150,000. The donor has stipulated that the funds should be used to fund an ongoing annual bursary of $4,750 with the first payment given out in one year. What is the minimum amount of interest (1) that the funds must earn in order to make the bursary work? Express your answer as a percent to 2 decimal places but don't include the % sign