Business Finance
Finance - Trust fund value in present day question

Question Description

Help me study for my Business class. I’m stuck and don’t understand.

When Derek was a small child, his grandfather established a trust fund for him to receive $15,000 on hi 35th birthday. Derek just turned 23. What is the value of his trust today if the trust 6% . What is the present value today of the $15,000 to be received in 17 years if he had to wait till 40.

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Final Answer

sagitahm (527)
Carnegie Mellon University

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