Steve and ed are cousins who were both born on the same day, and both turned 25 today. their grandfather began putting $2,500 per year into a trust fund for steve on his 20th birthday, and he just made a 6th payment into the fund. the grandfather (or his estate's trustee) will make 40 more $2,500 payments until a 46th and final payment is made on steve's 65th birthday. the grandfather set things up this way because he wants steve to work, not be a "trust fund baby," but he also wants to ensure that steve is provided for in his old age. until now, the grandfather has been disappointed with ed, hence has not given him anything. however, they recently reconciled, and the grandfather decided to make an equivalent provision for ed. he will make the first payment to a trust for ed today, and he has instructed his trustee to make 40 additional equal annual payments until ed turns 65, when the 41st and final payment will be made. if both trusts earn an annual return of 8%, how much must the grandfather put into ed's trust today and each subsequent year to enable him to have the same retirement nest egg as steve after the last payment is made on their 65th birthday?

Multiple-choice questions have a special grading rule determined by your instructor. assume that your instructor has decided to grade these questions in the following way: if you submit an incorrect answer to a multiple-choice question with n options, you will lose 1/(nâ’1) of the credit for that question. just like the similar multiple-choice penalty on most standardized tests, this rule is necessary to prevent random guessing.if a multiple-choice question has five answer choices and you submit one wrong answer before getting the question correct, how much credit will you lose for that part of the question? multiple-choice questions have a special grading rule determined by your instructor. assume that your instructor has decided to grade these questions in the following way: if you submit an incorrect answer to a multiple-choice question with options, you will lose of the credit for that question. just like the similar multiple-choice penalty on most standardized tests, this rule is necessary to prevent random guessing.if a multiple-choice question has five answer choices and you submit one wrong answer before getting the question correct, how much credit will you lose for that part of the question? 100% 50% 33% 25% 20%