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Judy has just placed money into a family trust fund for her children at a discount rate of 6.57%. The children will receive $30,000 one

Judy has just placed money into a family trust fund for her children at a discount rate of 6.57%. The children will receive $30,000 one year from now. Annually, thereafter, the amount will grow by 5.51%. The trust fund will last indefinitely.

REQUIRED: What is the value of the trust fund today (to the nearest dollar)?

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