What Is the Present Value of a Trust Fund That

question 143

Multiple Choice

What is the present value of a trust fund that earns 8.8% compounded annually and pays out $3,500 every three months? The next payment is due to be made today.

• A) $164,249
• B) $745,820
• C) $167,749
• D) $529,722
• E) $526,222

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Definitions:

Southeast

A geographical region of the United States that includes states like Alabama, Georgia, and Mississippi, known for its distinct culture and history.

Slave Laws

Legislation passed to regulate the status of slaves, detailing provisions regarding their treatment, duties, and rights in societies where slavery was practiced.

Resistance

The refusal to accept or comply with something; the attempt to prevent something by action or argument.

Founding Of Georgia

The establishment of the U.S. state of Georgia in 1732, the last of the original Thirteen Colonies, founded by James Oglethorpe as a debtor's colony.