What Is the Present Value of Your Trust Fund If

question 22

Multiple Choice

What is the present value of your trust fund if it promises to pay you $50,000 on your 30^th birthday (7 years from today) and earns 10% compounded annually?

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

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