Question: Calculate a 5% payout from an endowment fund based on a 3-year moving average. The payout should be noted for the years 2021, 2022, and

Calculate a 5% payout from an endowment fund based on a 3-year moving average. The payout should be noted for the years 2021, 2022, and 2023.

Year 2019 2020 2021 2022 2023
Endowment $845,000 $787,300 $1,298,800 $1,352,300 $990,000

Payout: ___________ ___________ ___________

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