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What is the present value of your trust fund if you have projected that it will provide you with $200,000 on your 35th birthday (11 years from today) and it earns a 8.05% compound rate per year? a. 79,254.65 b. 120,658.54 c. 105,984.54 d. 85,340.96

What is the present value of your trust fund if you have projected that it will provide you with $200,000 on your 35th birthday (11 years from today) and it earns a 8.05% compound rate per year? a. 79,254.65 b. 120,658.54 c. 105,984.54 d. 85,340.96

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the present value of your trust fund if you have projected that it will provide you with $200,000 on your 35th birthday (11 years from today) and it earns a 8.05% compound rate per year? a. 79,254.65 b. 120,658.54 c. 105,984.54 d. 85,340.96
Transcribed Image Text:What is the present value of your trust fund if you have projected that it will provide you with $200,000 on your 35th birthday (11 years from today) and it earns a 8.05% compound rate per year? a. 79,254.65 b. 120,658.54 c. 105,984.54 d. 85,340.96
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