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Your brother, who is 6 years old, just received a trust fund that will be worth $22,000 when he is 21 years old. If the
Your brother, who is 6 years old, just received a trust fund that will be worth $22,000 when he is 21 years old. If the fund earns 0.09 interest compounded annually, what is the value of the fund today?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
