subject
Mathematics, 27.06.2019 03:50 fdzgema17

Julian and jonathan are twin brothers (and so were born on the same day). today, both turned 25. their grandfather began putting $2,500 per year into a trust fund for julian on his 20th birthday, and he just made a 6th payment into the fund. the grandfather (or his estate's trustee) will make 40 more $2,500 payments until a 46th and final payment is made on julian's 65th birthday. the grandfather set things up this way because he wants julian to work, not be a "trust fund baby," but he also wants to ensure that julian is provided for in his old age. until now, the grandfather has been disappointed with jonathan and so has not given him anything. however, they recently reconciled, and the grandfather decided to make an equivalent provision for jonathan. he will make the first payment to a trust for jonathan today, and he has instructed his trustee to make 40 additional equal annual payments until jonathan turns 65, when the 41st and final payment will be made. if both trusts earn an annual return of 8%, how much must the grandfather put into jonathan's trust today and each subsequent year to enable him to have the same retirement nest egg as julian after the last payment is made on their 65th birthday?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Adifferent website gives the cost for the first train as £56.88 and the second train as £20.11 with a £9.50 charge for cycle storage for the whole trip. how much would the journey cost you?
Answers: 1
question
Mathematics, 22.06.2019 00:30
Vertical angles must check all that apply
Answers: 1
question
Mathematics, 22.06.2019 00:30
Olivia is using 160 quilt squares to make a red, yellow, and blue quilt if 25% of the quilt are red and 30% are yellow how many quilt squares are blue
Answers: 3
question
Mathematics, 22.06.2019 01:00
Pentagon abcde is dilated according to the rule do,3(x,y) to create the image pentagon a'b'c'd'e', which is shown on the graph. what are the coordinates of point a of the pre-image? a) (-1, 1)b) (-1, 2)c) (-9, 6)d) (-9, 18)
Answers: 3
You know the right answer?
Julian and jonathan are twin brothers (and so were born on the same day). today, both turned 25. the...
Questions
Questions on the website: 13722367