A trust fund has been set up for you and your dependents that will provide $X of income each year forever, with the first payment to be made two years from today. The plan is expected to earn a 5.50% rate of return annually. The plan is worth $19,670 today. How much is X?

a.

$972

b.

$1,025

c.

$1,141

d.

$1,082

e.

$1,204