Your great aunt left you an inheritance in the form of a trust.The trust agreement states that you are to receive $2,400 on the first day of each year,starting immediately and continuing for 20 years.What is the value of this inheritance today if the applicable discount rate is 6.75 percent?
A) $24,890.88
B) $26,311.16
C) $27,677.34
D) $28,909.29
E) $29,333.33
Correct Answer:
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