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When you were born, your benevolent aunt invested a certain amount in a trust fund to cover your college education. You are now 17 years
When you were born, your benevolent aunt invested a certain amount in a trust fund to cover your college education. You are now 17 years old and ready to begin college. The amount available in the trust fund is $300,000. How much did your aunt originally invest if her investment was able to earn 7% per year, with monthly compounding? Round your final answer to 2 decimal places. $93,142.82 $91,582.47 $136,986.30 $92,210.60 $94,972.32
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