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George Jefferson established a trust fund that will provide $227,500 per year in scholarships. The trust fund earns an annual return of 4 percent. How
George Jefferson established a trust fund that will provide $227,500 per year in scholarships. The trust fund earns an annual return of 4 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? Multiple Choice $5,687,500.00 $6,500,000.00 O $5,250,000.00 O $4,739,583.33 $4,976,562.50
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