Question 9 3 pts Kamala wants to fund an endowment that will not only pay $28,000 next year to a local charity, but also be able to grow that payment thereafter (forever) to ensure the future purchasing power of the payments do not decline over time. After the initial payment of $28,000, she wants the annual amount paid to the charity to grow by 3% per year. Given that the interest rate is 7%, how much does she need to fund this perpetuity? $400,000.00 $193,000.00 $933,333.33 O $700,000.00 $280,000.00 $1,960,000.00