You Would Like to Establish a Trust Fund That Will

You would like to establish a trust fund that will provide $50,000 a year forever for your heirs. The trust fund is going to be invested very conservatively so the expected rate of return is only 2.75%. How much money must you deposit today to fund this gift for your heirs?

A) $1,333,333.33
B) $1,375,000.00
C) $1,425,000.00
D) $1,666,666.67
E) $1,818,181.82