After winning a court case against a mining company for polluting a local lake, the First Nation suing the company decides to use $2,500,000 of the awarded money to set up a foundation that will give...

Extracted text: After winning a court case against a mining company for polluting a local lake, the First Nation suing the company decides to use $2,500,000 of the awarded money to set up a foundation that will give annual grants to small local businesses that demonstrate sustainability and provide local employment. They estimate that the foundation will be established and ready to make the first grant in 4 years. What amount of money can they grant annually if they can earn 4.25% quarterly?