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How much money does estate receive

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Ivan invested $100,000 into a segregated fund. He died when the fund was valued at $80,000. Calculate how much his estate received when the fund was sold. Assume Ivan lived a little longer than in the above question and he used his guarantee reset to "lock-in" the value at $145,000 before he died. At death, how much money does his estate receive?

Reference no: EM133111021

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