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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
A trust fund will start to pay you $15 200 per year at the beginning of each year once you turn 18. The prevailing interest rate is 8.79% compounded annually. For how long can you receive payments if you are celebrating your 14th birthday today and the current value of your trust fund is $111 345?
A) 20.97 years
B) 29.07 years
C) 20.07 years
D) 29.77 years
E) 24.97 years
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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Hillier Author
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#2
5 years ago
Thanks so much
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#3
3 years ago
thank you
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