Question: Fred is setting up a trust fund for his son. The trust will pay his son $6,000 each year for the next 20 years. If

Fred is setting up a trust fund for his son. The trust will pay his son $6,000 each year for the next 20 years. If the trust fund earns 5.6 percent interest per year, how much does Fred have to put into the trust fund today in order to fund the series of annual payments? (Show your answer as a positive number).

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plan how to achieve impact in practice from your research;

take courage and go public with your work in order to share your learning;

communicate your research to non-academic audiences in an impactful and credible way.