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A long - lost relative recently created a trust fund for you in her will. Per the terms of the trust fund, you will receive

A long

-

lost relative recently created a trust fund for you in her will. Per the terms of the trust fund, you will receive $

69, 000

per year forever. You, however, must wait

5

years for your first check. If the current discount rate is

5 %,

what is the value of your inhertiance?

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