Problemyour brother who is 6 years old just received a, Ask an Expert

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Problem:

Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually,

Required:

Question: What is the value of the fund today? Note: Please provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147683

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