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Title: A trust fund is set up to make payments of $1320.00 at the end of each month for seven years. ... Post by: Hillier on Nov 27, 2017 A trust fund is set up to make payments of $1320.00 at the end of each month for seven years. Interest on the fund is 7.28% compounded monthly.
a) How much money must be deposited into the fund? b) How much will be paid out of the fund? c) How much interest is earned by the fund? Title: Re: A trust fund is set up to make payments of $1320.00 at the end of each month for seven years. ... Post by: yacom on Nov 27, 2017 a) PVn = 1320.00
= 1320.00(65.6601227) = $86 671.36 b) Payout = 84(1320.00) = $110 880.00 c) Interest = 110880.00 - 86671.36 = $24 208.64 Title: Re: A trust fund is set up to make payments of $1320.00 at the end of each month for seven years. ... Post by: Hillier on May 14, 2018 Thanks so much
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