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A trust fund pays $45,000 each year-end in perpetuity. If the trust earns 9.7% per annum, compounding annually the value of the trust fund today

A trust fund pays $45,000 each year-end in perpetuity. If the trust earns 9.7% per annum, compounding annually the value of the trust fund today is closest to (to the nearest whole dollar; don't use the $ sign or comma separators)

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