Need answers ASAP... Richard Snooty wants to ensure that at least some of his descendants are well educated in perpetuity. He is planning for 5 college students each generation at $125,000 each. He...

Need answers ASAP...

Richard Snooty wants to ensure that at least some of his descendants are well educated in perpetuity. He is planning for 5 college students each generation at $125,000 each. He estimates that the generations will be spaced every 25 years, but the first generation will be in 10 years. If the trust will earn 6%, how much money should be deposited now?