Marions grandfathers will established a trust that will pay her $1500 every three months for 11 years.
Question:
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 six years from now, when she turns 19. If money is worth 6.5% compounded quarterly, what is today’s economic value of the bequest?
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