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27-11-2019
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You want to establish a trust fund that will provide $50,000 a year forever for your heirs. If the fund can earn a guaranteed rate of return of 4.5 percent, how much must you deposit in a solitary lump sum to establish this trust?

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amirmeeka amirmeeka

27-11-2019

Answer:

$1,111,111.11.

Explanation:

PV = $50,000 / .045 = $1,111,111.11.

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