A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the original amount placed in trust was $5,000, how much will he receive if the money has earned interest at the rate of 6%/year compounded annually? Compounded quarterly? Compounded monthly? Please round your answers to the nearest dollar.
$__________ annually
$__________ quarterly
$__________ monthly

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The Answer of A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the original amount placed in trust was $5,000, how much will he receive if the money has earned interest at the rate of 6%/year compounded annually? Compounded quarterly? Compounded monthly? Please round your answers to the nearest dollar.
$__________ annually
$__________ quarterly
$__________ monthly

A Young Man Is the Beneficiary of a Trust Fund