How do you find the future value of 25,000

Oct 21st, 2015
HelloWorld
Category:
Accounting
Price: $5 USD

Question description

Your brother, who is 6 years old, just received a trust fund that will be worth $23,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually, what is the value of the fund today?

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