Question: When bere was a small child his gandaher established a trust fund for him to receive 520.000 on his thirty-fifth birthday Derek just turned 23
When bere was a small child his gandaher established a trust fund for him to receive 520.000 on his thirty-fifth birthday Derek just turned 23 What is the value of his trust today the trust fundar 7 percent went he had to wall age 40 to receive the money, what is the present Value today of the 520,000 to be received in 17 years? Click the following the on to view the PVF table The present Value PV of his trust today the trust and warm 7 percent interest Round to the rest cent) The present vabe, PV i he had to wait unti age 40 to receive the money is 5 (Round to the nearest cent)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
