Question:

In 17 years, Maggie Oaks is to receive $100,000 under the

Last updated: 7/17/2022

In 17 years, Maggie Oaks is to receive $100,000 under the

In 17 years, Maggie Oaks is to receive $100,000 under the terms of a trust established by her grandparents. Assuming an interest rate of 5.4%, compounded continuously, what is the present value of Maggie's legacy?