What sum of money must be deposited in a trust fund to provide a scholarship of $800 payable at the end of each month if the interest is 20% compounded yearly?

What sum of money must be deposited in a trust fund to provide a scholarship of $800 payable at the end of each month if the interest is 20% compounded yearly? Select one: O a. $2000 O b. $6000 c. $8000 O d. $4000 What sum of money must be deposited in a trust fund to provide a scholarship of $800 payable at the end of each month if the interest is 20% compounded yearly? Select one: O a. $2000 O b. $6000 c. $8000 O d. $4000