A charity plans to invest annual payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. The first payment will be invested one year from today. Assuming the investment earns 5.
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John and Joan are married and want to make cash gifts to their children (2), their children's spouses (2), and their grandchildren (4). On December 31, 2018, they gift $15,000 to each child, each spouse of each child, and to each grandchild.
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