Business, 12.11.2020 18:50 tonehasarathi

Good Guy Foods wants to establish a trust fund that will provide $125,000 in scholarships each year for needy students. The trust fund is expected to earn a fixed 7.25 percent rate of return. How much money does the firm need to contribute to the fund assuming that only the interest income is to be distributed? a. $1,687,450 b. $1,478,023 c. $1,333,333 d. $1,724,138

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