2. 5.2 Calculating present values Suppose you have just celebrated your 19th birthday. A rich family member

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2. 5.2 Calculating present values Suppose you have just celebrated your 19th birthday. A rich family member has set up a trust fund for you that will pay you $150 000 when you turn 30. If the relevant discount rate is 9 per cent, how much is this fund worth today?

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