Question
In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2000.
In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2000. How much will this trust be worth in the year 2000 if it has been earning 8%? How much if it earns 12%.
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
