Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

In 1960, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2020.

In 1960, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2020. How much will this trust be worth in the year 2020 if it has been earning 8%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+26.13. 1 Let x1, x2, ... be the points of positive u-measure. By the following prove that lim 27/ 10(1)12 dt = 2(H(xx). (26.31) T-+00 k Let X and Y be independent and have characteristic function q.

Answered: 1 week ago

Question

★★★★★

Barr Company acquires 60, 10%, 5 years, $1,000 Community bonds on January 1, 2010 for $61,250. This includes a brokerage commission of $1,250.The journal entry to record this investment includes a...

Answered: 1 week ago

Question

★★★★★

Temple-Inland Corporation has negotiated the rights to cut timber on privately held forest acreage for $700,000. An estimated 350 million board feet of lumber are harvestable. Determine the depletion...

Answered: 1 week ago

Question

★★★★★

If you start making $180 monthly contributions today and continue them for five years, whats their future value if the compounding rate is 10.75 percent APR? (Do not round intermediate calculations....

Answered: 1 week ago

Question

★★★★★

Broad stakeholder objectives form the backdrop to operations decision-making, and top management's objectives provide a strategic framework. Outline five operations performance objectives. [25 Marks]...

Answered: 1 week ago

Question

★★★★★

Total Quality Management - The U.S. Department of Commerce through the National Institute of Standards and Technology have several questionnaires that can help businesses evaluate their Performance....

Answered: 1 week ago

Question

★★★★★

A radial fan is used to circulate fresh air (p = 1.20 kg/m) through a building. The fan operates at = 4000 rpm, has a volume flow rate of 0.8 m/s, and requires 2 kW to run. The blade geometry is...

Answered: 1 week ago

Question

★★★★★

Case: Southwest Airlines: Flying High With Low Costs Question 1 (25 points) a. What industry or industries does this company operate in? What were the trends in this industry/market during the time...

Answered: 1 week ago

Question

★★★★★

Create a bar chart with average line and totals added from the Tableau Analytics pane and save it as a workbook using type of ownership and overall star rating.

Answered: 1 week ago

Previous Question Next Question