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John and Jen will receive $50,000 from their trust fund in 8.75 years. Their discount rate is 3 percent per quarter (note there are 3

John and Jen will receive $50,000 from their trust fund in 8.75 years. Their discount rate is 3 percent per quarter (note there are 3 months in one quarter). How much would they be willing to sell the trust fund for today?

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