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Show me the steps to solve Your cousin, Joe, has a trust fund that will pay him $ 1 5 0 , 0 0 0
Show me the steps to solve Your cousin, Joe, has a trust fund that will pay him $ at the end of years. Joe, however, wants his money today. He promises to sign his trust fund over to you if you give him some money today. You require a percent interest rate on money you lend to family. How much would you be willing to lend under these terms?
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