Taylor (age 41) puts $940,000 in trust. Taylor says the trust should pay Travis (age 31) $4,000 at the beginning of each quarter for 12 years, and then the remainder should go to Patrick (age 25). Taylor does not reserve any powers to alter, amend, revoke or terminate the trust. Calculate the amount of the gifts Taylore has made. Assume a Federal interest rate of 2.8%.

Answer rating: 100% (QA)

Okay here are the steps to solve this problem 1 Calculate the amount of the quarterly payments to T... View the full answer