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Suppose you have just celebrated your 18th birthday. A rich uncle set up a trust fund for you that will pay you $126,000 when you
Suppose you have just celebrated your 18th birthday. A rich uncle set up a trust fund for you that will pay you $126,000 when you turn 24. If the relevant discount rate is 17%, how much is this fund worth today? Select one a $7,400.32 b.$49,119.66 $71,400.12 d:558 400 50
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