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Required information Yvonne's father was a true believer in giving back. He endowed a program 35 years ago to help students receive degrees when they

image text in transcribed Required information Yvonne's father was a true believer in "giving back." He endowed a program 35 years ago to help students receive degrees when they are short on funds. How much money was contributed 35 years ago if it earned at a rate of 9% per year (with no withdrawals) and is now sufficient to orovide a perpetual income of $38,000 annually beginning this year, year 35 ? The amount of money that was contributed 35 years ago is $

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