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Raquel wants to create a scholarship fund by saving for several years before the fund starts making annual scholarship payments forever. She plans to save

Raquel wants to create a scholarship fund by saving for several years before the fund starts making annual scholarship payments forever. She plans to save $89,600.00 per year for 7 years. Her first savings contribution is expected in 1 year. How much can the fund be expected to provide each year for scholarships if the fund is expected to earn 9.92 percent per year, make equal scholarship payments forever, and make its first scholarship payment in 8 years?
$68,440.48(plus or minus 10 dollars)
$92,462.61(plus or minus 10 dollars)
$84,118.09(plus or minus 10 dollars)
$75,229.77(plus or minus 10 dollars)
none of the answers are within 10 dollars of the correct answer

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