Mrs. Crawford will receive $7,250 a year for the next 17 years from her trust....
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Finance
Mrs. Crawford will receive $7,250 a year for the next 17 years from her trust. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. If a 9 percent interest rate is applied, what is the current value of the future payments? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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