How much money will he have at the end of year

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Q1. Rick is planning to invest $1847.2 today at 6 percent interest. How much money will he have at the end of year 3?

Q2. Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 6 percent interest?

Q3. Monster Cars has total assets of $98,300, net working capital of $10,300, owners' equity of $41,600, and long-term debt of $38,600. What is the value of the current assets?

Reference no: EM133143327

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