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When you were born, your grandfather established a trust fund for you in the Cayman Islands. The account has been earning interest at the rate
When you were born, your grandfather established a trust fund for you in the Cayman Islands. The account has been earning interest at the rate of 10% per year. If this account will be worth $90,000 on your 26th birthday, how much did your grandfather deposit on the day you were born? Click the icon to view the interest and annuity table for discrete compounding when i = 10% per year. Choose the correct answer below. O A. $7,696 O B. $9,000 O C. $3,462 OD. $7,551 O E. $6,884
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