Question: Fred is setting up a trust fund for his son. The trust will pay his son $2,000 each year for the next 34 years. If

Fred is setting up a trust fund for his son. The trust will pay his son $2,000 each year for the next 34 years. If the trust fund earns 7.2 percent interest per year, how much does Fred have to put into the trust fund today in order to fund the series of annual payments? (Show your answer as a positive number).

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