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13. YOUR BROTHER, WHO IS 6 YEARS OLD, JUST RECEIVED A TRUST FUND THAT WILL BE WORTH $25,000 WHEN HE IS 21 YEARS OLD. iF
13. YOUR BROTHER, WHO IS 6 YEARS OLD, JUST RECEIVED A TRUST FUND THAT WILL BE WORTH $25,000 WHEN HE IS 21 YEARS OLD. iF THE FUND EARNS 10 PERCENT INTEREST COMPOUNDED ANNUALLY, WHAT IS THE VALUE OF THE FUND TODAY? 3 $6,575 E $7,427. a $5,975; n=15; I/Y=10; .mt=o; FV=25,000; c .t. PV=5,985 El $8,591 e. $6,875
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Probability And Statistics
Authors: Morris H. DeGroot, Mark J. Schervish
4th Edition
9579701075, 321500466, 978-0176861117, 176861114, 978-0134995472, 978-0321500465
