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12. Mr. Prescott donated $66600 toward future scholarships. The scholarships are to be paid according to the following schedule: End of year 1: $2000, End of year 2: $2500, End of year 3: $3000, and so on... with the amount increasing $500 each year until the scholarship reaches $6000. The annual scholarship will remain at $6000 until the fund is depleted. If the account balance is less than $6000 at the end of any year (i.e., after the awarding of the $6000 for that year), that remaining amount immediately will be awarded as a smaller scholarship, and the account will be closed. The scholarship fund earns interest at an effective annual rate of 6%. Determine how many full $6000 scholarships will be awarded