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John Jacob Jingleheimer Smith would like to establish a trust fund for his kids that will pay $220,000 per year forever with the first payment

John Jacob Jingleheimer Smith would like to establish a trust fund for his kids that will pay $220,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 4.3 percent, how much must John Jacob deposit today?
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John Jacob Jingleheimer Smith would like to establish a trust fund for his kids that will pay $220,000 per year forever with the first payment one year from today, If the trust fund earns an annual return of 4.3 percent, how much must John Jacob deposit today

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