Becky Wilkinson Wants to Establish a Trust Fund That Will

Multiple Choice

Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of ​ ​
Thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now.
Hint: Use the formula

A) $350,000
B) $290,000
C) $380,000
D) $370,000
E) $400,000