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What is today economic value of the bequest

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Question 1: Marion's grandfather's will established a trust that will pay her $3300 every three months for 12 years. The first payment will be made five years from now, when she turns 20. If money is worth 8.3% compounded quarterly, what is today's economic value of the bequest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM132589595

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