Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 6 percent interest?

$678,342.13

$700,000.00

$1,413,435.76

$1,620,975.32

$1,666,666.67