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Your grandparents would like to establish a trust fund that will pay you and your heirs $155,000 per year forever with the first payment one
Your grandparents would like to establish a trust fund that will pay you and your heirs $155,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 3 percent, how much must your grandparents deposit today? $5,166.666.67 O $4,305,555.56 O $5,904,761.90 O $4,769,230.77 O$4,520,833.33
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