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How much do need to put in the trust today

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Reference no: EM132542707

Question 1: You want to setup a trust today that will pay out scholarships for the less fortunate. You want the trust to pay out $100,000 in scholarships 30 years from today. You want this amount to increase 4% per year and go on forever. If your trust can earn 10% returns, how much do you need to put in the trust today?

Reference no: EM132542707

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