Question: You plan to create a trust fund that can provide $100,000 per year, forever. If the first payment of $100,000 needs to make five years

You plan to create a trust fund that can provide $100,000

You plan to create a trust fund that can provide $100,000 per year, forever. If the first payment of $100,000 needs to make five years later and annual expected return on your capital is 4%, you will need to prepare $ . (no thousand separator , in the number, rounded with 2 decimals)

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