How much will he receive if the money has earned interest, Financial Management

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How much will he receive if the money has earned interest

A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the original amount placed in trust was $40,000, how much will he receive if the money has earned interest at the rate of 10% year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.)

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Financial Management: How much will he receive if the money has earned interest

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