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John and Jen will receive $70,000 from their trust fund in 775 years. Their discount...

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Accounting

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John and Jen will receive $70,000 from their trust fund in 775 years. Their discount rate is 6 percent per quarter (note there are 3 months in one quarter). How much would they be willing to sell the trust fund for today? Round your answer to two decimal places. Note that there are four compounding periods in one year

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