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

question 7

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 5.75% compounded continuously,how much is in the account today?

• A) $82,153.56
• B) $69,405.59
• C) $61,615.17
• D) $70,822.04
• E) $59,490.51

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Definitions:

ADLs

Activities of Daily Living, which are routine activities people do every day without assistance, such as eating, bathing, dressing, and moving around.

Eating

The act of consuming food.

Bathing

The act of washing oneself or another, typically in a container filled with water, such as a bathtub or shower.

Older Couples

Partners in a significant relationship, typically romantic, who are in the later stages of adulthood or elderly.