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A trust fund established by your uncle pays $28,000 each year-end commencing in one year from today and then growing at 2.8% per year, in
A trust fund established by your uncle pays $28,000 each year-end commencing in one year from today and then growing at 2.8% per year, in perpetuity. If the trust earns 7.0% per annum, compounding annually, the value of the trust fund today is (to nearest whole dollar; don't include $ sign or commas)
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