1. ## Looking for Help

A trust fund will start to pay you $15200 per year at the start of each year once you turn 18. The prevailing interest rate is 8.79% compounded annually. For how long can you receive payments if you are celebrating your 14th birthday today and the current value of your trust fund is$111345?

2. You posted 4 problems; all 4 are fairly basic in the financial math world.
You have showed no work, therefore we don't know where you're stuck.
If you're looking for solutions, the answer is a resounding NO.

3. Originally Posted by Denis
You posted 4 problems; all 4 are fairly basic in the financial math world.
You have showed no work, therefore we don't know where you're stuck.
If you're looking for solutions, the answer is a resounding NO.
Thanks, I will provide work shortly.

4. Originally Posted by aponi23
A trust fund will start to pay you $15200 per year at the start of each year once you turn 18. The prevailing interest rate is 8.79% compounded annually. For how long can you receive payments if you are celebrating your 14th birthday today and the current value of your trust fund is$111345?
Well, this one will look like this (Bank statement format):
Code:
AGE     PAYMENT      INTEREST    BALANCE
14                             111,345.00
15                  9,787.23   121,132.23
....
18     -15,200     12,601.62   140,764.81
19     -15,200     12,373.23   137,938.04
....
37     -15,200      2,320.69    13,522.20
38     -14,710.80   1,188.60          .00
The final payment will be lower (as shown); so looks like you're expected
to come up with an approximate number of years; check with your teacher...