George Jefferson established a trust fund that will provide $194,500 per year in scholarships. The trust fund earns an annual return of 2.9 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? $5,868,534.48 $5,589,080.46 $7,665,024.63 O $6,706,896.55 O $6,190,981.43

George Jefferson established a trust fund that will provide $194,500 per year in scholarships. The trust fund earns an annual return of 2.9 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? $5,868,534.48 $5,589,080.46 $7,665,024.63 O $6,706,896.55 O $6,190,981.43

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 30MCQ

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