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Mathematics, 18.10.2019 20:30 acharity196

Ayoung man is the beneficiary of a trust fund established for him 16 yr ago at his birth. if the original amount placed in trust was $20,000, how much will he receive if the money has earned interest at the rate of 7%/year compounded annually? compounded quarterly? compounded monthly? (round your answers to the nearest cent.)

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