What Is the Present Value of Your Trust Fund If

question 78

Multiple Choice

What is the present value of your trust fund if you have projected that it will provide you with $50,000 on your 30th birthday (7 years from today) and it earns 10% compounded annually?

• A)$25,000.00
• B)$25,657.91
• C)$28,223.70
• D)$29,411.76

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Definitions:

Negligence

The failure to take proper care in doing something, leading to damage or harm to another.

Malpractice

Negligence, incompetence, or unethical behavior by a professional, especially in medicine, leading to harm or injury.

Licensed Professional

An individual who has been granted permission to practice a particular profession by a recognized authority.

Chest Compressions

A critical component of cardiopulmonary resuscitation (CPR), involving pressing down on the chest of a cardiac arrest victim to maintain blood flow.