Your brother, who is 6 years old, just received a trust fund that will be worth $24,000

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Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.08 interest compounded annually, what is the value of the fund today? (Round to two decimal places).

Posted Date: May 19, 2024 02:03 PM

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Your brother, who is 6 years old, just received a trust fund that will be worth $24,000

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