Formula ProblemYou receive a $100,000 trust fund when you tu…
Formula ProblemYou receive a $100,000 trust fund when you turn 21. You choose to invest it in a 30-year instrument that has a graduated payment scheme. For the first ten years you have a 4% yield compounded semiannually. For the second 10 years you have a 6% yield compounded quarterly. For the final 10 years, you have an 8% yield compounded monthly. What amount will you have at the end of 30 years?