Description of this paper

timed quiz, need this done in 30 min

Description

solution


Question

You are a trust fund baby. Your trust fund is currently worth $1,234,000. The problem is the terms of the trust don?t allow you to receive any of the money until you are 27. You are now 21. The fund is earning 7.7% per year. How much will the fund be worth when you are 27 and too old to enjoy it?;Ignore taxes. Show your work. If you use Excel, show the formula with the parameters, and the answer. If you use a formula, provide the standard formula, the formula with terms substituted, and the answer. If you use a calculator, show the inputs and the answer. (Points: 5)

 

Paper#74825 | Written in 18-Jul-2015

Price : $22
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