Rory McIlroy, professional golfer from Northern Ireland, won the 2019 FedEx Cup which paid him $17 million (he also won in 2016 earning $10 million!).

a) If Rory decided to invest the entire $17 million to fund scholarships in his home country forever, how much could he provide annually if the interest rate on the investment was 5% (compounded annually) and scholarships are paid at the beginning of the year?

b) If Rory could invest the funds at 5% compounded quarterly, what is the total amount of annual scholarships that could be provided at the beginning of each year?

c) If Rory instead invested the funds for 2 years at 5% compounded quarterly, then established the scholarship fund, what is the total amount of annual scholarships that could be provided beginning in 2 years? (Scholarships are provided at the beginning of each year).