Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Keeshas grandmother died and left a trust for her that pays out $2,000 per month for 15 years. If Keesha invests the payments at 8%,

Keeshas grandmother died and left a trust for her that pays out $2,000 per month for 15 years. If Keesha invests the payments at 8%, what will her future value be?

PV = 0

FV = ?

I = 8%

N = 15

Pmt = -$24,000

THIS IS WHAT I THINK IT IS BUT WANT TO BDE SURE-> Answer: 651,650.73

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Python For Finance

Authors: Yves Hilpisch

2nd Edition

1492024333, 978-1492024330

More Books

Students also viewed these Finance questions