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Marion's grandfather's will established a trust that will pay her $3,300 every three months for 12 years. The first payment will be made five years
Marion's grandfather's will established a trust that will pay her $3,300 every three months for 12 years. The first payment will be made five years from now, when she turns 20. If money is worth 8.3% compounded quarterly, what is today's economic value of the bequest? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value
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