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Maxine is expecting a trust fund pay-out of $650,000 in 15 years. If a bank loans money at an interest rate of 7.5%, how much

Maxine is expecting a trust fund pay-out of $650,000 in 15 years. If a bank loans money at an interest rate of 7.5%, how much money can he borrow from this bank on the basis of this information?

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