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Question Your grandfather passed away, and willed his entire estate into a trust that will pay out $100,000 a year forever to the family, which
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Your grandfather passed away, and willed his entire estate into a trust that will pay out $100,000 a year forever to the family, which is to be used to cover all the travel, food, and lodging of an annual family reunion. These family reunions will start 11 years from now. If the trust earns 4.2 percent on average, what was the value of your grandfather's estate?
$1,519,759.43
$1,551,304.53
$1,546,333.26
$1,577,878.36
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