Question
Your brother, who is 6 years old, just received a trust fund that will be worth $23,000 when he is 21 years old. If the
Your brother, who is 6 years old, just received a trust fund that will be worth $23,000 when he is 21 years old. If the fund earns 0.08 interest compounded annually, what is the value of the fund today?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
