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What is the total amount of the six payment

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Reference no: EM131556846

Question: TRUST FUNDS Sarah is the recipient of a trust fund that she will receive over a period of 6 yr. Under the terms of the trust, she is to receive $10,000 the first year and each succeeding annual payment is to be increased by 15%.

a. How much will she receive during the sixth year?

b. What is the total amount of the six payments she will receive?

Reference no: EM131556846

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