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Emo and Jono, both ECU engineering alums set up an engineering scholarship endowment to award scholarships at the rate of $X per year. The scholarships would he awarded starling 11 years from set-up and continuing perpetually. If $200,000 is invested in the trust today and if it can earn a very good rate of return of 9% per year, what will be the amount of available for scholarships each year starting year 11? $70,710 $84,800 $473,400 $76,000 None of these