Thursday
October 23, 2014

Homework Help: Finance

Posted by Anonymous on Sunday, September 25, 2011 at 6:21pm.

A man stipulates in his will that $50000 from his estate is to be placed in a fund from which his three children are to each receive the same amount when they reach age 21. When the man dies (on January 2010), the children are aged 19, 15 and 13. The fund earns variable interest and the rates are as provided in the table below. How much will each child receive?
Duration
01/01/09 to 31/12/12
Variable interest rate
12% p.a compounded semi-annually
Duration
01/01/13 to 31/12/25
Variable interest rate
10% p.a compounded annually

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Which of the following is true about hedge funds? A) They are heavily ...
math - Uncle Albert's estate is to be divided among his three nephews. The will...
personal finance - If you want a risk-proof real estate investment, invest in: A...
algebra - during one year the Mccarthys real estate bill included $527 misc ...
Math - Deborah inherited a large sum of money; she wants to use a portion of ...
Math - How do I formulate this question to be solved in the POM-QM software? ...
Finance - On August 1, 2005 you invested $3,000 into a mutual fund. You then ...
college algebra - a man left 1\2 of his estate to his wife, 1\6 to his daughter...
Math - An estate was divided among three heirs. After Andrea received 50% of the...
Math - an estate was divided Among three heirs. After Andrea received 20% of the...

Search
Members