Becky Wilkinson Wants to Establish a Trust Fund That Will

question 85

Multiple Choice

Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of ​ ​
Thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now.
Hint: Use the formula

• A) $350,000
• B) $290,000
• C) $380,000
• D) $370,000
• E) $400,000

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