Question
Your grandparents would like to establish a trust fund that will pay you and your heirs $110,000 per year forever with the first payment one
Your grandparents would like to establish a trust fund that will pay you and your heirs $110,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 2.1 percent, how much must your grandparents deposit today?
- $4,835,164.84
- $5,238,095.24
- $5,986,394.56
- $4,583,333.33
- $4,365,079.37
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
