You expect to receive payment from a trust fund within 2 years. The payout will be $11,600.

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You expect to receive payment from a trust fund within 2 years. The payout will be $11,600. You plan to deposit the money at an annual rate of 6.7 percent until the account is worth $19,900. How many years do you have to wait from today?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Posted Date: Apr 14, 2023 06:22 AM

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You expect to receive payment from a trust fund within 2 years. The payout will be $11,600.

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We use the formula AP1r100n where Afuture value Ppre... View the full answer

Financial Markets and Institutions

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