A trust fund is being set up by a single payment so that at the end of 5 years there will be $10,000 in the fund.If the interest rate is 3
% compounded quarterly,how much money should be paid initially into the trust fund?

Question

A trust fund is being set up by a single payment so that at the end of 5 years there will be $10,000 in the fund.If the interest rate is 3  
% compounded quarterly,how much money should be paid initially into the trust fund?

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The Answer of A trust fund is being set up by a single payment so that at the end of 5 years there will be $10,000 in the fund.If the interest rate is 3  
% compounded quarterly,how much money should be paid initially into the trust fund?

A Trust Fund Is Being Set Up by a Single