What Is the Present Value of Your Trust Fund If

question 26

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 30^th 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

---

Definitions:

Federal Laws

Statutes enacted by the national government that apply across the entire country and must be adhered to by individuals and organizations alike.

Provincial Laws

Regulations and statutes enacted by the legislative body of a province or state within a country.

Furniture Firm

A company that specializes in the design, manufacture, and/or sale of furniture products.

Collective Agreement

An employment contract between an employer and a union that sets out the terms of employment of a group of the employer’s employees represented by the union