A university alumni group wants to provide a semiannual scholarship to current students. If the scholarship amount of $300 is awarded semiannually beginning 6 months from now, and the fund earns interest at a rate of 2% per year compounded continuously, find the amount of the endowment the alumni are required to make now:
$33,000
$36,000
$39,000
$30,000
$27,000