Marion's grandfather's will established a trust that will pay her $1500 every three months for 11 years.
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Marion's grandfather's will established a trust that will pay her $1500 every three months for 11 years. The first payment will be made 6 years from now, when she turns 19. If money is worth 3.5% compounded quarterly, what is today's economic value of the bequest?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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