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Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate
Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friends trust fund payments. Amount of Yearly Receipt Rate Time Current Value $6,200 10% 5 years ? $12,200 12% 10 years ? $18,000 15% 15 years ? $22,500 20% 20 years ?
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