Q4 - A family has established a trust fund for its children, attending college, and has paid $101.514 to a bank. In retu

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answerhappygod
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Q4 - A family has established a trust fund for its children, attending college, and has paid $101.514 to a bank. In retu

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Q4 - A family has established a trust fund for its children,
attending college, and has paid $101.514 to a bank. In return, the
bak is going to pay the family $20,000 every year for the next 6
years. The first payment will be made 1 year from the day the
family paid the bank. What is the interest rate that thic trust
fund will be earning?
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