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The correct answer here is 9,345. Can anyone show work for how this is obtained? What is the present value of your trust fund if

image text in transcribed The correct answer here is 9,345. Can anyone show work for how this is obtained?

What is the present value of your trust fund if you have projected that it will provide you with $50,000{t]} years from today and it earns 15% compounded annually? Answer: 43,478.26(9,345)

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