Your Uncle Nick made a trust fund for your younger sister. He had more money when she was born, so he put $6500 into a trust fund for her. He was only able to get 5.575% APR compounded annually for her fund. How much is in her trust fund when she turns 18? How much is in her trust fund when she is 18 years 10 months? How much is in her trust fund when she turns 19? How much when she turns 60? Plot the growth of her investment up to age 19. Plot growth up to age 60. Thinking back to the guide, who got the better deal? Is this true for the any number of years?

Your Uncle Nick made a trust fund for your younger sister. He had more money when she was born, so he put $6500 into a trust fund for her. He was only able to get 5.575% APR compounded annually for...

Jun 05, 2022