Question: Please show work, so I can walk through it myself with other questions. You expect to receive a payout from a trust fund in 4

 Please show work, so I can walk through it myself with
other questions. You expect to receive a payout from a trust fund
in 4 years. The payout will be for $12,000. You plan to
invest the money at an annual rate of 6.2 percent until the
Please show work, so I can walk through it myself with other questions.

You expect to receive a payout from a trust fund in 4 years. The payout will be for $12,000. You plan to invest the money at an annual rate of 6.2 percent until the account is worth $20,500. How many years do you have to wait from today? Multiple Choice 12.90 years 968 years 8.90 years 1161 years 11.47 years You Save Bank has a unique account. If you deposit $6,500 today, the bank will pay you an annual interest rate of 5 percent for 5 years, 5.6 percent for 4 years, and 6.3 percent for 8 years. How much will you have in your account in 17 years? Multiple Choice O $14,298.12 $16,818 28 O $13,17.90 O $12,314.58 $15.952.43 You are going to deposit $2,900 in an account that pays.55 percent interest per quarter. How much will you have in 9 years? Multiple Choice O $3,533,07 $3.513.75 O $3,52741 O $3,537.00 O $3,552.51 The winner of the first annual Tom Morris Golf Invitational won $170 in the competition which was held in 1912. In 2015, the winner received $1,590,000. If he winner's purse continues to increase at the same interest rate, how much will the winner receive in 2046? Multiple Choice $19.935,487.56 1,002,485,65 $28,034,279.39 $24.919,359.46 $22,653.963.14

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