Becky Wilkinson Wants to Establish a Trust Fund That Will

question 167

Multiple Choice

Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now. Hint: Use the formula .

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Personal Hygiene

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