yrkfred8468 yrkfred8468

07-10-2022
Business

Answered

you are 21 years old today. your grandparents set up a trust fund that will pay you $25,000 per year for 20 years, starting on your 65th birthday to supplement your retirement. if the trust can earn 7.5% per year, how much will your grandparents need to put in the trust fund today (rounded to the nearest $10)?

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