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How much do you need to put in the trust today

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Reference no: EM133008609

Question - You want to setup a trust today that will pay out scholarships to kids that lost their parents to COVID. You want the trust to pay out $250,000 in scholarships 20 years from today. You want this amount to increase 3% per year and go on forever. If your trust can earn 6% returns, how much do you need to put in the trust today?

Reference no: EM133008609

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