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Your great grandfather established a family trust 25 years ago. The trust has, ever since its creation, earned 4.3% per annum (effective annual rate) and

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Your great grandfather established a family trust 25 years ago. The trust has, ever since its creation, earned 4.3% per annum (effective annual rate) and pays $60,000 each year-end to family descendants. This will continue in perpetuity. The amount of funds invested by your great grandfather was (to the nearest whole dollar; do not include $ sign or commas): Answer: Linda will make month-end deposits of 4,000 for 6 years staring in one month. She earns an interest rate of 4.3% p.a. compounded monthly for the first 2 years and 8.5% p.a. compounded monthly thereafter. How much will she have in 6 years? Correct your answer to the nearest cent without any units. (Do not use "\$" or "," in your answer. e.g. 12345.67)

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