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John and Jen will receive $20,000 from their trust fund in 9.25 years. Their discount rate is 5 percent per quarter (note there are 3
John and Jen will receive $20,000 from their trust fund in 9.25 years. Their discount rate is 5 percent per quarter (note there are 3 months in a quarter.) How much would they be willing to sell the trust fund for today? Round your answer to two digits. Note that there are four compounding periods in one year. 
John and Jen will receive $20,000 from their trust fund in 9.25 years. Their discount rate is 5 percent per quarter (note there are 3 months in one quarter). How much would they be willing to sell the trust fund for today? Round your answer to two digits. Note that there are four compounding periods in one year Step by Step Solution
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Public Finance An International Perspective
Authors: Joshua E. Greene
1st Edition
9814365041, 978-9814365048
