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How much do need to invest today to make the trust fund

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Reference no: EM132755097

Problem 1: You are managing a trust fund that must pay its owner $16,707 each month, for 115 months, (starting next month). How much do you need to invest today to make the trust fund payments if your investments earn 3.15% APR (compounded monthly)?

Reference no: EM132755097

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