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Orange, Inc would like to establish a trust fund that would provide annual scholarships of $100,000 forever for each of a group of 4 students.
Orange, Inc would like to establish a trust fund that would provide annual scholarships of $100,000 forever for each of a group of 4 students. How much would they have to deposit today in one lump sum to achieve this goal if they can earn a guaranteed 4.5 percent rate of return? a. $1,800,000.00 b. $2,413,435.45 c. $8,888,888.89 d. $2,222,222.22 e. $1,678,342.00
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