When you were two-years-old, your grandmother left you a trust fund with $10,000 in it that has

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When you were two-years-old, your grandmother left you a trust fund with $10,000 in it that has been earning 12% for 20 years. How much is in the trust fund now, based on annual compounding? (use financial calculator and please show work).

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Feb 21, 2024 06:27 AM

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When you were two-years-old, your grandmother left you a trust fund with $10,000 in it that has

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1 Define the variables Present value PV 10000 initial amount Interest rate IYR 12 ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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