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The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. ( Assume end - of -

The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans.
(Assume end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return
continues indefinitely.)
You wish to establish a trust fund from which your heirs can withdraw $10,000 per month for 20 years, at the end which
time they will receive $20,000. How large should the trust be if invested in the Fidelity stock fund? HINT [See Example 3.]
(Round your answer to the nearest cent.)
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