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Category > Business & Finance Posted 18 May 2017 My Price 7.00

Your great aunt left you an inheritance in the form of a trust

Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,400 on the first day of each year, starting immediately and continuing for 20 years. What is the value of this inheritance today if the applicable discount rate is 6.75 percent?

 

  $26,311.16
  $27,677.34
  $24,890.88
  $28,909.29
  $29,333.33

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Homework Helper
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Status NEW Posted 18 May 2017 03:05 AM My Price 7.00

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