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How much money will be left in trust fund after withdrawal

It is your 5th birthday today. You have a trust fund with $50,000 that is earning 8% per year. You expect to withdraw $20,000 per year for 4 years starting on your 21st birthday for graduate school. How much money will be left in the trust fund after your last withdrawal.

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Finance Basics: How much money will be left in trust fund after withdrawal

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much money will be left in trust fund after withdrawal

Reference No:- TGS0672869

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the yield to maturity

Q : Determine the purchases of landscaping supplies

Q : Problem related to criminological theory

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Q : How much money will be left in trust fund after withdrawal

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much money will be left in trust fund after withdrawal

Reference No:- TGS0672869

Recent Questions Asked Finance Basics

Q : What is the yield to maturity

Q : Determine the purchases of landscaping supplies

Q : Problem related to criminological theory

Q : Find stocks current price if stocks p-e ratio is given

Q : How much money will be left in trust fund after withdrawal

Q : What are the components of an amortization schedule

Q : Question-galehouse gas

Q : What kind of cost allocation method may have caused

Q : Cost of equity capital for gangland

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