Mrs Black Established a Trust Fund That Provides $65,000 in Scholarships

Mrs. Black established a trust fund that provides $65,000 in scholarships each year for needy students. The trust fund earns a fixed 5.5% rate of return. How much money did Mrs. Black contribute to the fund assuming that only the interest income is distributed?

A) $41,935.48
B) $61,904.76
C) $68,575.00
D) $1,300,000.00
E) $1,181,818.18