You receive a $90,000 trust fund when you turn 21. You choose to invest it in a 30-year instrument that has a graduated payment scheme. For the first five years you have a 5.2% yield compounded annually. For the next five years you have a 6.4% yield compounded semiannually. For the next 10 years you have a 7.2% yield compounded quarterly. For the final 10 years, you have an 8% yield compounded monthly. 

What amount will you have at the end of 30 years?

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To calculate the final amount you will have at the end of 30 years with this graduated payment schem... View the full answer