In Six Years' Time,you Are Scheduled to Receive Money from a Trust

question 5

Multiple Choice

In six years' time,you are scheduled to receive money from a trust established by your grandparents.When the trust matures there will be $100,000 in the account.If the account earns 9% compounded continuously,how much is in the account today?

• A)$55,361.08
• B)$58,274.83
• C)$61,188.57
• D)$64,247.99
• E)$67,460.39

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Definitions:

Corporate Profits

The earnings of corporations after expenses and taxes have been deducted.

Stock Prices

The monetary value assigned to a company's ownership shares, as determined by market supply and demand.

Positive Prices

Prices that are above zero, indicating that a commodity has value and is being traded in a market.

Net Earnings

The amount of profit that remains after all operating expenses, taxes, and interest are subtracted from total revenue.