Question
Your Grandmother has created a trust for you. 10 years from now you will get a payment of $10,000 from the trust. You plan to
Your Grandmother has created a trust for you. 10 years from now you will get a payment of $10,000 from the trust. You plan to immediately invest your trust income in a stock market fund that is expected to yield a 9% annual return. (each time you get a payment from the trust, you will immediately put it in your investment account) 13 years from now you expect to get your second trust payment of $10,000. 15 years from now you expect to get your third trust payment, this time $20,000. You expect to get your final trust payment 18 years from now. It will be a $25,000 payment. How much will be in your investment account 18 years from now right after you put that final payment in the investment account.
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