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You are the beneficiary of a trust fund that will start paying you cash flows in five years. The cash flows will be $28,758 per
You are the beneficiary of a trust fund that will start paying you cash flows in five years. The cash flows will be $28,758 per year, and there will be a total of 43 yearly cash flows paid. If the interest rate is 4.2% per year, what is the value needed in the trust fund now to fund these cash flows? The amount needed in the trust today is ? (Round to the nearest dollar)
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