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A client transfers $500,000 to an irrevocable trust for the benefit of his grandchild. He also plans to add $40,000 to the trust at the

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A client transfers $500,000 to an irrevocable trust for the benefit of his grandchild. He also plans to add $40,000 to the trust at the end of each year for 12 years. The trust assets grow at an 8% after-tax rate. If no distributions have been made from the trust, what amount will be in the trust at the end of 12 years following the last contribution? Formulas Tax Tables Solution Calculator

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