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Your grandmother just died and left you $25,000 in a trust fund that pays 6.6% interest. You must spend the money on your college education,
Your grandmother just died and left you $25,000 in a trust fund that pays 6.6% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account? a $8,871.25 b. $1.650.00 $5,313.48 O d. $6,861.32 e. $7,314.17
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