Question
You are 21 years old today. You grandparents set up a trust fund that will pay you $15,000 per year for 25 years, starting on
You are 21 years old today. You grandparents set up a trust fund that will pay you $15,000 per year for 25 years, starting on your 65th birthday to supplement you retirement. If the trust can earn 6.5% per year how much will you grandparents need to put in the trust fund today?
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Financial Institutions Investments And Management An Introduction
Authors: Herbert B. Mayo
8th Edition
0324178174, 9780324178173
