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John leaves 4 million dollars in his estate. Interest is paid annually as accrued to Justin for 7 years, and to Jake the next 7
John leaves 4 million dollars in his estate. Interest is paid annually as accrued to Justin for 7 years, and to Jake the next 7 years, then given to Jordan after that. Find the amount at present of Justin Jack and Jordan in the estate if the assumption is that the estate will earn a 3.5% effective rate of interest.
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