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How much will your grandparents need to put in trust fund

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Reference no: EM133065708

Question - You are 21 years old today. Your grandparents set up a trust fund that will pay you $25,000 per year for 20 years, starting at the end of each year after you turn 65 to supplement your retirement. If the trust can earn 7.5% per year, how much will your grandparents need to put in the trust fund today (rounded to the nearest $10)?

Reference no: EM133065708

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