When Derek was a small child, his grandfather established a trust fund for him to receive $20,000 on his thirty-fifth birthday. (Any earnings beyond $20,000 reverted to his grandfather.) Derek just turned 23. What is the present value of the trust today if it earns 7% interest and Derek will receive it at age 35? What is the present value of the $20,000 to be received in 17 years if he had to wait until age 40 to receive the money?

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.