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What is the current economic value of an inheritance that will pay $3000 to the beneficiary at the beginning of every three months for 20
What is the current economic value of an inheritance that will pay $3000 to the beneficiary at the beginning of every three months for 20 years, starting when the beneficiary reaches 20 years of age, 412 years from now? Assume that money is worth 7% compounded monthly. (Do not round intermediate calculations and round your final answer to the nearest dollar.) Today's value $
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