Calculate the installments of payout for a trust fund

Reference no: EM1367060

John is the beneficiary of a trust fund set up for him through his grandmother. If the trust fund amounts to $20,000 earning 8 percent compounded semiannually and he is to receive the money in equal semiannual installments for the next 15 years, how much will he receive each 6 months?

Reference no: EM1367060

Questions Cloud

Complications of cancer : Explain at least three complications of cancer, the side effects of treatment, and methods to lessen physical and psychological effects.

Methods to combat technical-nontechnical attacks in wan : Explain a security strategy for a corporate WAN. Be sure to include methods to combat both technical and nontechnical attacks.

Question on cross-price elasticity : The demand for personal computers can be characterized by following point elasticity = -5, cross-price elasticity with software = -4, and income elasticity = 2.5. Indicate whether each of following statements is true or false, and describe your an..

Modernization theory-social status and values : Describe the modernization theory in terms of factors like health care advances, honor and multigenerational households.

Calculate the installments of payout for a trust fund : John is the beneficiary of a trust fund set up for him through his grandmother. If the trust fund amounts to $20,000 earning 8 percent compounded semiannually

Determine additional revenue needed : The management of an amusement park is planning buying a new ride for $80,000 that would have a useful life of ten years and a salvage value of 10,000.

Write ipo steps and detailed pseudo code for program : Write IPO steps and detailed pseudo code for program which will ask user to enter restaurant meal cost. The program should then compute the tax, tip on the restaurant bill,

Work settings and practice : This short solution adresses some strategies which can be successfully incorporated and employed to inform those in the community-They are also successful solutions that can be employed in the work settings and practice.

Determine benefit from financial planning : Jan and Mickey Haggerty graduated from college many years ago. Each majored in biology, and they were fortunate to receive good job offers at graduation; their combined income past year was over $100,000.

User Account

All Pages