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Your great grandfather established a family trust 25 years ago. The trust has, ever since its creation, earned 10.7% per annum (effective annual rate) and pays $47,000 each year-end to family

Your great grandfather established a family trust 25 years ago. The trust has, ever since its creation, earned 10.7% per annum (effective annual rate) and pays $47,000 each year-end to family descendants. This will continue in perpetuity. The amount of funds invested by your great grandfather was (to the nearest whole dollar; do not include $ sign or commas):

Apr 14 2021 View more View Less

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