Question
Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the
Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.08 interest compounded annually, what is the value of the fund today? ROUND TWO DECIMAL PLACES
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
