How much must you deposit in a lump sum to establish this, Financial Management

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How much must you deposit in a lump sum to establish this

You want to establish a trust fund that will provide $50,000 a year forever for your heirs. If the fund can earn a guaranteed rate of return of 4.5 percent, how much must you deposit in a lump sum to establish this trust? This will be the only deposit you make to the fund.

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Financial Management: How much must you deposit in a lump sum to establish this

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Financial Management: How much must you deposit in a lump sum to establish this

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