By the conditions of the will, the sum of $35,000 is left to a 12 year old girl to be held in a trust fund invested at 8% compounded quarterly. How much will she receive when she turns 18? Kindly solve this engineering economy problem. Show diagram if necessary. Thank you

By the conditions of the will, the sum of $35,000 is left to a 12 year old girl to be held in a trust fund invested at 8% compounded quarterly. How much will she receive when she turns 18? Kindly solve this engineering economy problem. Show diagram if necessary. Thank you

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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By the conditions of the will, the sum of $35,000 is left to a 12 year old girl to be held in a trust fund invested at 8% compounded quarterly. How much will she receive when she turns 18?

Kindly solve this engineering economy problem. Show diagram if necessary. Thank you

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