Question
Your grandparents would like to establish a trust fund that will pay you and your heirs $160,000 per year forever with the first payment one
Your grandparents would like to establish a trust fund that will pay you and your heirs $160,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 3.1 percent, how much must your grandparents deposit today?
Multiple Choice
$5,161,290.32
$4,764,267.99
$4,301,075.27
$5,898,617.51
$4,516,129.03
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Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
