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14-10-2022
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a trust has been established to fund scholarships in perpetuity. the next annual distribution will be $1,200 and future payments will increase by 3 percent per year. what is the value of this trust at a discount rate of 7.4 percent? a) $17,189.19 b) $19,960.00 c) $27,272.73 d) $24,609.11 e) $30,388.18

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