You Are to Receive $16 700 from Your Trust Fund

question 1

Multiple Choice

You are to receive $16 700 from your trust fund in 7.5 years. You negotiate a deal where you can withdraw $350 per month starting 2.75 years before you can withdraw the remainder of the funds. You are able earn 4.18% compounded annually on your money. How much is your trust fund reduced to?

• A) $4195.40
• B) $4159.40
• C) $4459.40
• D) $4495.40
• E) $4155.40

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Definitions:

Anticipatory Emotions

Emotions felt in the lead-up to an upcoming event, which can affect the choices one makes and their actions.

Motivate

To provide someone with a reason or incentive to do something, encouraging action or behavior.

Positive Emotions

Emotional states or feelings that are expressed when individuals experience well-being, contentment, and satisfaction.

Components Of Hope

The aspects that constitute hope, typically including a desire for certain positive outcomes and the belief in the possibility of achieving them.