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Julian's parents create a trust fund that will start paying $ 2 2 5 , 0 0 0 per year forever starting 1 9 years

Julian's parents create a trust fund that will start paying $225,000 per year forever starting 19 years from now. (Julian's future children will inherit it.) The trust fund wiill earn 8% per year. How much does the trust fund have to be worth today?
$2,160,810
$703,825
$9,325,409
$990,569
$2,812,500Julian's parents create a trust fund that will start paying $225,000 per year forever starting 19 years from now. (Julian's future children will inherit it.) The trust fund wiill earn 8% per year. How much does the trust fund have to be worth today?
$2,160,810
$703,825
$9,325,409
$990,569
$2,812,500

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