Answer to Question #22967 in Economics of Enterprise for Pam
Steven and Ed cousins who were born on the same day, both turned 25 today. Their grandfather began putting $2,500 per year in trust fund for steve on his 20th birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's trustee) will make 40 more $2,500 payments until a 46th and final payment is made on Steve's 65th birthday.
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