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2. The parents of a child have just come into a large inheritance and wish to establish a trust fund for her college education. If
2. The parents of a child have just come into a large inheritance and wish to establish a trust fund for her college education. If they estimate that they will need $100,000 in 13 years, how much should they set aside in the trust now if they can invest the money at 4.5% per year compounded quarterly? 2. The parents of a child have just come into a large inheritance and wish to establish a trust fund for her college education. If they estimate that they will need $100,000 in 13 years, how much should they set aside in the trust now if they can invest the money at 4.5% per year compounded quarterly
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