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Posted on Sep 20, 2024

Your grandparents would like to establish a trust fund that will pay you and your heirs $ 2 1 5 , 0 0 0 per

Your grandparents would like to establish a trust fund that will pay you and your heirs $

215, 000

per year forever with the first payment one year from today. If the trust fund earns an annual return of

4.2

percent, how much must your grandparents deposit today?

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