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You are 21 years old today. Your grandparents set up a trust fund that will pay you $25,000 per year for 20 years, starting on

You are 21 years old today. Your grandparents set up a trust fund that will pay you $25,000 per year for 20 years, starting on your 65th birthday to supplement your retirement. If the trust can earn 7.5% per year, how much will your grandparents need to put in the trust fund today (rounded to the nearest ten dollars)?

A.) $44,926

B.) $17,450

C.) $22,310

D.) $5,250

These were the only options given.

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