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Larry Mattingly tumed 20 years old today His grandtather had established a trust fund that will pay him $82,000 on his next birthday However, Larry

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Larry Mattingly tumed 20 years old today His grandtather had established a trust fund that will pay him $82,000 on his next birthday However, Larry needs money today to start his college education, and his father is wiling to help. Mr. Mattingly has agreed to give Larry the present value of the $82.000 future cash inflow, assuming a 10 percent rate of return. (PV of S1 and PVA of S1) (Use appropriate factor(s) from the tables provided.) Required o. Determine the amount of cash that Larry Mattinglys father should give him. (Round your final answer to the nearest whole dollor volue.)

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