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What is the value of inheritance

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Please help me study for a test by helping me with this question and showing work/formulas used.

A trust agreement you inherit from your great aunt states that you are to receive $2,000 on the first day of each year, starting immediately and continuing for 25 years. What is the value of this inheritance today if the applicable discount rate is 5.00 percent?

Reference no: EM132134774

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