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You would like to establish a trust fund that would provide annual scholarships of $ 1 0 0 , 0 0 0 forever. How much

You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to deposit today in one lump sum to achieve this goal if you can earn a guaranteed 4.5 percent rate of return?
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$1,678,342
$1,800,000
$2,413,435
$1,620,975
$2,222,222

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