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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 receive $2,500 on the first
Your great-aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6.35 percent?
| A. | $36,811.30 |
| B. | $37,557.52 |
| C. | $39,204.04 |
| D. | $39,942.42 |
| E. | $40,006.09 |
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Elementary Statistics
Authors: Mario F. Triola
3rd Canadian Edition
032122597X, 978-0321225979
