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How much income (cash flows) will the grandchild receive each year & In order to...

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Finance

How much income (cash flows) will the grandchild receive each year & In order to create this trust fund of $2,000,000 in 18 year, what lump-sum amount the grandfather must deposit today?
NO EXCEL. Solve urgent.
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4. A wealthy industrialist wishes to establish a $2,000,000 trust fund in 18 years from now which will provide equal yearly income for his grandchild after her graduation till infinity. The grandchild may only receive the interest earned from the established trust, the principal will remain unusable. If the interest rate earned on the trust is expected to be 7 percent in all future periods

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