Solution-If the fund earns 10 percent interest compounded

If the fund earns 10 percent interest compounded annually

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Your brother, who is 6 years old, just received a trust fund that will be worth $32,000 when he is 21 years old. If the fund earns 10 percent interest compounded annually, what is the value of the fund today?

Reference no: EM131168808

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If the fund earns 10 percent interest compounded annually : Your brother, who is 6 years old, just received a trust fund that will be worth $32,000 when he is 21 years old. If the fund earns 10 percent interest compounded annually, what is the value of the fund today?

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If the fund earns 10 percent interest compounded annually

Reference no: EM131168808

Reference no: EM131168808

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