You would like to establish a trust fund to provide $140,000 a year forever for your heir.

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You would like to establish a trust fund to provide $140,000 a year forever for your heir. The expected rate of return is 5.45%. How much money must you deposit today to fund this gift?

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Posted Date: May 16, 2024 03:41 AM

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You would like to establish a trust fund to provide $140,000 a year forever for your heir.

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Financial and Managerial Accounting

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