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7. You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly five

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7. You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly five more years. Assuming a 10 percent annual interest rate, what is the value of this trust? A. $620,921 B. $683,013 C. $1,000,000 D. $1,100,000

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