Question: MC algo 5-48 Calculating Perpetuity Present Values George Jefferson established a trust fund that will provide $179,500 per year in scholarships. The trust fund earns

MC algo 5-48 Calculating Perpetuity Present Values George Jefferson established a

MC algo 5-48 Calculating Perpetuity Present Values George Jefferson established a trust fund that will provide $179,500 per year in scholarships. The trust fund earns an annual return of 2.4 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? Multiple Choice o $6,903,846.15 o $6,232,638.89 o $8,547,619.05 o $7,479,166.67 o $6,544,270.83

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