What is the value of the fund today

Reference no: EM13260544

Your sister, who is 6 years old, just received a trust fund that will be worth $22,000 when she is 21 years old. If the fund earns 10% interest compounded annually, what is the value of the fund today? Note: write your answer to two decimal places.

Reference no: EM13260544

Questions Cloud

How much is his promise worth right now : Your Grandmother promises to give you $600 per quarter for the next five years. How much is his promise worth right now if the interest rate is 5% compounded quarterly?

What current rating should the fuse in the primary circuit : A transformer connected to a 125 V (rms) ac line is to supply 12000 V (rms) for a neon sign. What current rating should the fuse in the primary circuit have

What is the current stock price : A stock just paid a dividend of $1.2. The required rate of return is 11.5%, and the constant growth rate is 3.6%. What is the current stock price.

Depict the structures of the hg-containing compound : Draw the structures of the Hg-containing compound(s) and the final alcohol product(s) formed in the following reaction sequence, omitting, by products. If applicable, draw hydrogen at a chirality center and indicate stereochemistry via wedge-and-d..

What is the value of the fund today : Your sister, who is 6 years old, just received a trust fund that will be worth $22,000 when she is 21 years old. If the fund earns 10% interest compounded annually, what is the value of the fund today? Note: write your answer to two decimal places..

Find expected angle for third-order maximum of green line : A grating has exactly 8000 lines uniformly spaced over 2.58 cm, What is the expected angle for the third-order maximum of the green line

What must the average beta of the new stocks : What must the average beta of the new stocks be to achieve the target required rate of return?

International politics term paper : International politics term paper. The topic is " Has the gap between the world's rich and poor been growing wider or narrower in recent decades? Why?"

Calculate the weighted cost of the capital of this project : Assume the following facts about a firm's financing in the next year. Calculate the weighted cost of the capital of this project

User Account

All Pages