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5) Your grandmother has set aside $5,000,000 in cash to be given to you in the year 2028 from her trust account. Your father is
5) Your grandmother has set aside $5,000,000 in cash to be given to you in the year 2028 from her trust account. Your father is willing to exchange your grandmothers gift for cash today, at a discount rate of 12%. What is the dollar amount of your fathers offer?
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