You Were Left $100,000 in a Trust Fund Set Up

question 160

Multiple Choice

You were left $100,000 in a trust fund set up by your grandfather.The fund pays 6.5% interest.You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately.How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?

• A) $24,736
• B) $26,038
• C) $27,409
• D) $28,779
• E) $30,218

---

Definitions:

Double Exploitative

A term describing situations or systems where individuals or groups are subjected to two overlapping forms of exploitation, often related to labor and resources.

Chemical Entrainment

The process by which a rhythmic biological or physiological event becomes synchronized with an environmental agent, often involving chemicals or pheromones.

Biophysical Ways

Methods or approaches that combine biological and physical sciences to understand phenomena.

Hormones

Chemical messengers produced in the body that regulate the activity of cells or organs, crucial for maintaining bodily functions and processes.