Business, 28.04.2021 23:40 cchotshot

u $100,000 in a trust fund that pays a 6.5% rate of interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much would you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account? (Treat as an annuity due) a. $24,736 b. $26,038 c. $27,409 d. $28,779

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u $100,000 in a trust fund that pays a 6.5% rate of interest. You must spend the money on your colle...