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You are 20 years old today. Your grandparents set up a trust fund that will pay...

You are 20 years old today. Your grandparents set up a trust fund that will pay you $30,000 per year for 25 years, starting on your 65th birthday to supplement your retirement. If the trust can earn 8% per year, how much will your grandparents need to put in the trust fund today (rounded to the nearest ten dollars)?

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