Question: Jim is offered an investment opportunity with the "guar-antee" that his investment will quadruple in 12 years. Assuming quarterly compounding, what is the nominal interest rate Jim is getting on this investment?
In an investment set up as a perceptual trust, the annual disbursement for the first 10 years is $10,000. if the trust is set up with $100,000, determine the disbursement that can be made from year 11 through infinity if the interest earned is 8% per year.