At the end of every year for the next 45 years a trust fund has to pay out $250,000. The money in the fund will be earning 9% compounded annually for the first 25 years and 6% compounded annually for the last 20 years. In order to be able to make these payments, how much money would have to be in the trust fund now?
A) $2,788,180
B) $5,323,125
C) $5,601,917
D) $7,017,445
E) $11,125,000

Question

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The Answer of At the end of every year for the next 45 years a trust fund has to pay out $250,000. The money in the fund will be earning 9% compounded annually for the first 25 years and 6% compounded annually for the last 20 years. In order to be able to make these payments, how much money would have to be in the trust fund now?
A) $2,788,180
B) $5,323,125
C) $5,601,917
D) $7,017,445
E) $11,125,000

At the End of Every Year for the Next 45