Carl is the beneficiary of a $24,000 trust fund set up for him by his granparents. Under the terms of the trust, he is to receive the money over the a 6-year period in equal installments at the end of each year. If the fund earns interest at the rate of 6%/year compounded annually, what amount will he receive each year? Round your answer to two decimal places.

a. $2,987.19
b. $6,604.59
c. $3,152.42
d. $6,600.90
e. $4,880.70


e. $4,880.70

Mathematics

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A. f(t) = t(-16t + 40); 48 ft B. f(t) = -8t(2t - 5); 16 ft C. f(t) = t(-16t + 40); 16 ft D. f(t) = -8t(2t - 5); 48 ft

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Mathematics