Julian and jonathan are twin brothers (and so were born on the same day). today, both turned 25. their grandfather began putting $2,500 per year into a trust fund for julian 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 julian's 65th birthday. the grandfather set things up this way because he wants julian to work, not be a "trust fund baby," but he also wants to ensure that julian is provided for in his old age. until now, the grandfather has been disappointed with jonathan and so has not given him anything. however, they recently reconciled, and the grandfather decided to make an equivalent provision for jonathan. he will make the first payment to a trust for jonathan today, and he has instructed his trustee to make 40 additional equal annual payments until jonathan 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 jonathan's trust today and each subsequent year to enable him to have the same retirement nest egg as julian after the last payment is made on their 65th birthday? a. $3,912 b. $4,313 c. $4,107 d. $4,528 e. $3,726
Solved
Show answers
More tips
- F Food and Cooking How to Sober Up Quickly? Important Facts and Tips...
- H Health and Medicine How to Properly Take a Blood Sugar Test?...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- L Leisure and Entertainment What to Bring on a Hike? Essential Items to Pack for a Safe and Enjoyable Adventure...
- L Leisure and Entertainment Couchsurfing: A New Way to Travel...
- S Style and Beauty Autotanning: Harmful or Safe?...
- F Food and Cooking 10 Ideas for a Wedding Anniversary Gift...
- H Health and Medicine How to Reduce Sweating in the Heat and Beyond: Say Goodbye to Excessive Sweat...
- F Food and Cooking Do Aphrodisiacs Really Work? Separating Fact from Fiction...
- H Health and Medicine What to Eat to Lose Weight?...
Answers on questions: Business
- B Business The demand to attend a certain college is represented by a downward-sloping demand curve. The supply of spots at the college is represented by a vertical supply curve....
- B Business While the country of New Zafariland specializes in dairy products, its geographical neighbor, Zwansea specializes in heavy machinery. New Zafariland exports dairy to...
- B Business Sebastian is the marketing manager of a local restaurant. He has decided to set up a booth at an outdoor concert being held at the city park to pass out free samples...
- B Business Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total CompanyDivision L Division Q Sales$491,000$148,000...
- S Social Studies Would you smash me yes or nahh ?????...
- M Mathematics You have 2/3 of sugar how muck sugar will you use if you makes 6 batches of cookies...
- M Mathematics Does secondhand smoke increase the risk of a low weight birth? A baby is “low birth weight” if it weighs less than 5.5 pounds at birth. According to the National Center...
- S SAT Uttar jaldi bhej dena Hindi ka yah Hindi ka hai paper...
- M Mathematics 8 Neo works at home making clothes. The patterns and materials are provided by the company. The table shows the rates she is paid and the number of items she makes in...
- E English With whom no variableness , neither shadow of turning What type of sentence is this...
Ответ:
Yield the vehicle to your right at 4 way stops.
Explanation: Driver Motor Vehicles