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Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receives $2,400 on the
Your great aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receives $2,400 on the first day of each year, starting immediately and continuing for 20 years. What is the value of this inheritance today if the applicable discount rate is 6.75 percent?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
