Question
Your brother, who is 6 years old, just received a trust fund that will be worth $25,000 when he is 21. If the fund ears
Your brother, who is 6 years old, just received a trust fund that will be worth $25,000 when he is 21. If the fund ears 0.09 interest compounded annually, what is the value of the fund today?
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Get StartedRecommended Textbook for
Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
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