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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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