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What is the current economic value of an inheritance that will pay $3300 to the beneficiary at the beginning of every three months for 15
What is the current economic value of an inheritance that will pay $3300 to the beneficiary at the beginning of every three months for 15 years starting when the beneficiary reaches 21 years of age, 5 1/4 years from now? Assume that money can earn 6.8% compounded monthly.(Do not round intermediate calculations and round your final answer to 2 decimal places.)
Current economic value$
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