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Your child was born to today and you deposited $5,000 in a trust fund that earns a 12% annually compounded rate. The money in the
Your child was born to today and you deposited $5,000 in a trust fund that earns a 12% annually compounded rate. The money in the fund will be distributed to your son whenever the total reaches $1,445,011. How old will your son be when he gets the money (rounded to the nearest year)
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
