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

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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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

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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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