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What Is the Present Value of Your Trust Fund If

question 110

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


Definitions:

Feet

A unit of measurement equal to 12 inches, used primarily in the United States for measuring length.

Grams

This represents a quantity of mass in the metric system, exactly 1/1000th of a kilogram.

Ounces

A unit of weight used in Britain and the USA, equal to one sixteenth of a pound or approximately 28.35 grams.

Dark Chocolate

A type of chocolate that contains a high percentage of cocoa solids and little to no milk.

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