Question: George created a trust today by transferring $ 2 . 5 million into an irrevocable trust. He wants to ensure his daughter Rebecca, age 5

George created a trust today by transferring $2.5 million into an irrevocable trust. He wants to ensure his daughter Rebecca, age 50, has financial security andX stability during her lifetime, while also preserving assets for his grandson Jonah.the remainder interest. Using the current Sec. 7520 interest rate, what is thepresent value of the lifetime gift to Rebecca? Use only numbers and commas to answer.

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