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Suppose you are the executor of your Aunt's estate, and she desires to provide her daughter...

Suppose you are the executor of your Aunt's estate, and she desires to provide her daughter with $16,000 at the end of each year for the next 38 years. If the bank provides a guaranteed account which earns 5.1% per year simple interest, how much money should be deposited into this guaranteed account to fully fund this request? (Answer to the nearest dollar)

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IT IS A CASE OF PRESENT VALUE OF ANNUITY.

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