Solved: How much do your parents need to deposit into this trust, Accounting Basics

How much do your parents need to deposit into this trust

Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 6 percent interest?

$ 678,342.13
$ 700,000.00
$ 1,413,435.76
$ 1,620,975.32
$ 1,666,666.67

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Accounting Basics: How much do your parents need to deposit into this trust

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