An estate leaves 700000 to three children ages 11 17 and 20, Ask an Expert

Finance

An estate leaves $700,000 to three children ages 11, 17 and 20. Each child is to receive the same amount at age 25. How much does each receive if the fund is invested at 6.5% interest compounded quarterly? (Solve using BASIC intrest principles/fprmulas). Show all work.

View complete question

Financial Management, Finance

Category:- Financial Management
Reference No.:- M92832412

Have any Question?Write your Review or question?

Related Questions in Financial Management

Conduct some research related to leasingwhat are the

Conduct some research related to leasing. What are the benefits to leasing as opposed to purchasing? What impact does leasing have on taxes? In the Kingdom of Saudi Arabia, are healthcare organizations more likely to lea ...

Respond to the following questionas part of the financial

Respond to the following question: As part of the financial planning process, a common practice in the corporate finance world is restructuring through the process of mergers and acquisitions (M&A). It seems that on a re ...

Assignment the art of negotiationresearch a current

Assignment : The Art of Negotiation Research a current conflict or negotiation in progress from the last 6 months like peace talks in the Middle East, a corporate merger, a labor dispute, etc. Write a six to eight (6-8) ...

Nbsppad 6227fall2018nbspassignmenteach problem is worth

PAD 6227 Fall2018 Assignment Each problem is worth one-half of the grade for this assignment. Make sure to carefully edit your work. 1. The Department of Revenue wants to add more people to the unit that attempts to co ...

Understanding the health care reform acthow has the patient

Understanding the Health Care Reform Act How has the Patient and Affordable Care Act of 2010 (the "Health Care Reform Act") reshaped financial arrangements between hospitals, physicians, and other providers with Medicare ...

Part 1 conduct internet research sources must be documented

Part 1. Conduct Internet research, (sources must be documented using MLA format), and write a brief analysis of the current status of the U.S. economy. Include current values and trends for at least three of the followin ...

Financial management project -overview this assignment

Financial Management Project - Overview: This assignment consists of 2 questions covering Bond Valuation and Portfolio Analysis. Question 1: Bond Valuation Let's suppose today is 16/01/2018, and you are observing the inf ...

Using the framework discussed in the background readings

Using the framework discussed in the background readings, critically analyze General Mills' strategic choices at the Corporate level (remember that "corporate" level is the very highest level of the organization, with lo ...

The investment logic for sustainabilitywatch the investment

The Investment Logic for Sustainability Watch the Investment Logic for Sustainability video. Then perform a few internet searches on terms such as the following: Sustainable funds Socially responsible investing ESG Envir ...

1 in week four the focus was on analysis tools for

1. In week four, the focus was on analysis tools for determining solutions. In week five, we discussed groups and you also completed an assignment on analysis tools used for groups/teams. This week, one of the topics is ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Financial Management Expert