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Leigh Ping s parents have just established a trust fund for her on her 9 th birthday. They plan on contributing $ 2 5 ,
Leigh Pings parents have just established a trust fund for her on her th birthday. They plan on contributing $ today with this amount growing at pa until and including her th birthday. If her parents expect the trust fund to earn an interest rate of pa the present value equivalent of this trust today is closest to a $ b $ c $ d The present value of the trust fund cannot be calculated.
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