Your brother is 6 years old received a trust fund worth $25,000 when he is 21. If fund earns 0.10 interest compound annually what is the value of the fund today?
Your answer should show at least the first 3 rounded non-zero digits followed by zeros.
A) For Example: If the answer is 278,915, the first 3 rounded non-zero digits is 279 and an answer of 279,000 is acceptable. An answer of 278,915 is also acceptable.
B) Another Example: Suppose the answer is 0.08297, then an answer of 0.083 is acceptable. 0.0830 and 0.08297 are also acceptable.
Do not use currency signs. Suppose the answer is $40.42, then you should answer 40.4 or 40.42.
Do not use (...) to show negative quantities. If the answer is -0.5192, then do not answer (0.519), rather answer -0.519 or -0.5192.
When you have a question that may be answered as a percentage, answer it instead as a decimal. For example, if the answer for a rate of return is 10.5%, then enter the answer as 0.105 instead of 10.5 or 10.5%. Basically answer the question as the actual number instead of answering it as a percentage.