Business, 31.03.2020 01:23 kristygodwin

Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 4.2 percent, how much must your grandparents deposit today?

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Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per...