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Problem 9 A couple, both soccer players (Lio Messi and Cristiano Ronaldo) from reputable teams has decided to set up an endowment to help pay

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Problem 9 A couple, both soccer players (Lio Messi and Cristiano Ronaldo) from reputable teams has decided to set up an endowment to help pay for 4 engineering scholarships at the rate of $X per year starting year 22 perpetually. If S300.000 is invested in the trust today and if it earns a very good rate of return of 11% per year, what will the amount of each scholarship starting year 22

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