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A trust fund will provide 1,398,000 in scholarships each year forever, with the first payment to be made 2 years from today. The trust fund

A trust fund will provide 1,398,000 in scholarships each year forever, with the first payment to be made 2 years from today. The trust fund is expected to earn a 5.40% rate of return annually. How much should be set aside today to finance this fund?

no excel pls

a.$24,562,513

b.$22,110,144

c.$23,304,092

d.$20,468,761

e.$25,888,889

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