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Mrs. Crawford will receive $8,700 a year for the next 18 years from her trust. Use Appendix D for an approximate answer, but calculate your

Mrs. Crawford will receive $8,700 a year for the next 18 years from her trust. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. If a 13 percent interest rate is applied, what is the current value of the future payments.

Present value_______

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