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A trust valued at R320 000 is established to make eight annual disbursement. The trust is structured to allow for annual payment growth of 10%

A trust valued at R320 000 is established to make eight annual disbursement. The trust is structured to allow for annual payment growth of 10% per annum at a fixed interest rate of 13.62% per annum, compounded monthly. Determine the value of the last payment.

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