(Answered) Trust fund after last withdrawal

Finance

Problem: It is your 6th birthday today. You have a trust fund with $50,000 that is earning 8% per year. You expect to withdraw $30,000 per year for 7 years starting on your 22nd birthday for graduate school.

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Question: How much money will be left in the trust fund after your last withdrawal (rounded to the nearest $10)? Support your statements with examples.

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