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Thread: Looking for Help

  1. #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. #2
    Quote Originally Posted by Denis View Post
    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.
    Please read "read before posting", then act accordingly.
    Thanks, I will provide work shortly.

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