Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

2.Your grandfather placed $5,000 in a trust fund for you. In 12 years what will be the worth of the savings. If the estimated rate of return on the trust fund is 8%?

Sagot :

ANSWER

EXPLANATION

Given:

Principa = $5,000

term (in years) = 12 years

rate (r) = 8%

Desired Result:

Worth of the savings in 12 years (Simple Interest)

Determine the worth of the savings in 12 years using Simple Interest Formula

[tex][/tex]

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.