How much money must he deposit in a trust fund

Reference no: EM131014958

A rich uncle wants to make you a millionaire. How much money must he deposit in a trust fund paying 10% compounded quarterly at the time of your birth to yield $1,000,000 when you retire at age 55?

Reference no: EM131014958

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How much money must he deposit in a trust fund : How much money must he deposit in a trust fund paying 10% compounded quarterly at the time of your birth to yield $1,000,000 when you retire at age 55?

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