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i want answer in 30 mins and correct answer thanks for your help Q3.. Abbigail wish to establish a trust fund from which her daughter
i want answer in 30 mins and correct answer thanks for your help
Q3.. Abbigail wish to establish a trust fund from which her daughter can withdraw $6,000 every six months for 15 years, when she reach 16 years old. At the end of which time she will receive the remaining money in the trust, which you would like to be $25,000. The trust will be invested at 6% per annum compounded semi-annually. How large should the trust be? Q4...It is now January 1, 2018. You plan to make 5 deposits of $200 each, one every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 10%, but uses semi-annual compounding, how much will be in your account after 3 yearsStep by Step Solution
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