In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild

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In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2000.
How much will this trust be worth in the year 2000 if it has been earning 8%?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Mar 11, 2022 06:02 AM

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In 1940, your grandmother put $1000 into a special trust to be paid to a future grandchild

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