Wealthy aunt has just established a trust, Accounting Basics

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Wealthy aunt has just established a trust

The present value concept should be applied:1.Your wealthy aunt has just established a trust fund for you that will accumulate to a total of $100,000 in 12 years. Interest on the trust fund is compounded annually at an 8 percent interest rate. How much is in your trust fund today?

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Accounting Basics: Wealthy aunt has just established a trust

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Accounting Basics: Wealthy aunt has just established a trust

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