A Trust Fund Is to Be Set Up by a Single

question 91

Short Answer

A trust fund is to be set up by a single payment so that at the end of 10 years there will be $1,000,000 in the fund.If interest is compounded continuously at an annual rate of 9%,to the nearest dollar,how much money should be paid into the fund initially?

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Definitions:

Clayton Act

A United States antitrust law, passed in 1914, aiming to prevent exclusive sales contracts, corporate mergers, and other practices that restrict competition.

Celler-Kefauver Act

A United States antitrust law passed in 1950, aimed at preventing anti-competitive mergers by closing loopholes relating to asset purchases.

Sherman Act

is a foundational antitrust law in the United States aimed at preserving competition by prohibiting monopolies, cartels, and other forms of anticompetitive practices.

Restraint Of Trade

Legal doctrine that restricts the ability for parties to freely conduct business, often related to antitrust issues and competition law.