Your sister who is 6 years old just received a trust fund


Your sister, who is 6 years old, just received a trust fund that will be worth $22,000 when she is 21 years old. If the fund earns 10% interest compounded annually, what is the value of the fund today? Note: write your answer to two decimal places.

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Finance Basics: Your sister who is 6 years old just received a trust fund
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