Mrs O'Halloran Gave $130,000 to the University of Northern British

Mrs. O'Halloran gave $130,000 to the University of Northern British Columbia for a perpetual scholarship fund. What amount can be awarded on each anniversary if the scholarship fund earns 7% compounded annually?

A) $13,000
B) $1,300
C) $1,857
D) $9,100
E) $91,000