Through fundraising efforts, Kwantlen University has raised $2 million.Determine the annual scholarship value that can be provided to students in perpetuity if the investment rate is 2.5% compounded quarterly.
A)$40,470
B)$50,470
C)$60,470
D)$70,470

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The Answer of Through fundraising efforts, Kwantlen University has raised $2 million.Determine the annual scholarship value that can be provided to students in perpetuity if the investment rate is 2.5% compounded quarterly.
A)$40,470
B)$50,470
C)$60,470
D)$70,470

Through Fundraising Efforts, Kwantlen University Has Raised $2 Million