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An investment set up as a perpetual trust provides an annual disbursement of $20,000 for the first 20 years and an undetermined amount from year
An investment set up as a perpetual trust provides an annual disbursement of $20,000 for the first 20 years and an undetermined amount from year 21. If the trust is set up with $500,000, determine the disbursement that can be made from year 21 through infinity if the interest earned is 5% per year.
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