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Sarah Is the Recipient of a Trust Fund That She

Question 73

Multiple Choice

Sarah is the recipient of a trust fund that she will receive over a period of 6 yr. Under the terms of the trust, she is to receive $11,000 the first year and each succeeding annual payment is to be increased by 17%. What is the total amount of the six payments she will receive? Please round the answer to the nearest cent. ​


A) $101,276.40
B) $101,273.20
C) $101,275.33
D) $101,263.61
E) $101,269.92

Correct Answer:

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