Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now.
Hint: Use the formula .
$ __________ thousand dollars.

Question

Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of  thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now.
Hint: Use the formula  .
$ __________ thousand dollars.

Quizplus · Accepted Answer

The Answer of Becky Wilkinson wants to establish a trust fund that will provide her children and heirs with a perpetual annuity in the amount of  thousand dollars per year beginning next year. If the trust fund will earn an interest rate of 10% per year compounded continuously, find the amount that she must place in the trust fund now.
Hint: Use the formula  .
$ __________ thousand dollars.

Becky Wilkinson Wants to Establish a Trust Fund That Will