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Your grandmother has set up a trust fund that will provide you with $8,000 per month for the next ten years while you complete your
Your grandmother has set up a trust fund that will provide you with $8,000 per month for the next ten years while you complete your medical studies. You've developed a nasty drug habit and want all the money now, but Bob the Investor tells you that he will only buy your trust payments if he can make 20% (monthly compounding) on the deal. How much is he going to offer you for your payments?
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