Wicker Imports Established a Trust Fund That Provides $90,000 in Scholarships

Wicker Imports established a trust fund that provides $90,000 in scholarships each year for needy students.The trust fund earns a fixed 6 percent rate of return.How much money did the firm contribute to the fund assuming that only the interest income is distributed?

A) $1,150,000
B) $1,200,000
C) $1,333,333
D) $1,500,000
E) $1,600,000