Set up a trust fund, As a tax shelter, Joan's father has

Set up a trust fund

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Reference no: EM131805621

As a tax shelter, Joan's father has set up a trust fund into which he puts $1000 every year on Joan's birthday beginning on her first birthday. How much will be in the fund on Joan's 21st birthday if the account pays 6% compounded quarterly.

Reference no: EM131805621

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