Benson’s established a trust fund that provides $125,000 in college scholarships each year. The trust fundearns a rate of return of 6.15 percent and distributes only its annual income. How much money did Benson’scontribute to establish the trust fund?
Benson’s established a trust fund that provides $125,000 in college scholarships each year. The trust fundearns a rate of return of 6.15 percent and…
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