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trust fund Suppose you have just celebrated your 19h birthday. A rich uncle has set up a that will pay you US$150,000 when you turn

trust fund Suppose you have just celebrated your 19h birthday. A rich uncle has set up a that will pay you US$150,000 when you turn 30. If the relevant discount rate is 9 per- cent, how much is this fund worth today? Everything else equal, which annuity has the greater future value: an ordinary annuity or an annuity due? Why

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