How much will this trust be worth in the year 2020

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Reference no: EM131915209

In 1960, your grandmother put $1000 into a special trust to be paid to a future grandchild (you) 60 years later, in the year 2020.

How much will this trust be worth in the year 2020 if it has been earning 8%?

Reference no: EM131915209

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