Question: Is there a standard value for t? If it is not given, do we just use 1 year? 10 years? What is the present value

Is there a standard value for t? If it is not given,Is there a standard value for t? If it is not given, do we just use 1 year? 10 years?

What is the present value of your trust fund if you have projected that it will provide you with $50,000{t]} years from today and it earns 12% compounded annually

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