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You have a trust fund of $49,253. It is invested today in an account that pays 5.87% compounded annually. You plan to withdraw the funds

You have a trust fund of $49,253. It is invested today in an account that pays 5.87% compounded annually. You plan to withdraw the funds in two equal payments starting in 5 years. What is the size of each payment? (hint: present value two times)

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