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Jose wants to set up a 10 year GRAT and does not want to have a taxable gift. He wants to transfer $1,387,881 million
Jose wants to set up a 10 year GRAT and does not want to have a taxable gift. He wants to transfer $1,387,881 million to the GRAT on 9/31/2020 when the 7520 interest rate is 4%. What annuity payment does he need to receive for there to be no taxable gift? (Round your answer to 2 decimal places)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
