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.

If Yvonne wants to start her own scholarship fund that generates $34,000 annually starting next year, what is the amount she must contribute if earnings remain at 7% per year?

The amount she must contribute if earnings remain at 7% per year is $ ?.