A small business owner deposits $5000 monthly deposits in an equity fund as his financial analysis sees a positive outlook in the coming years. The fund gives an ave interest rate of 6% per year, compounded monthly. How much would the fund be worth after 15 years? (use 4 decimal places for computation of i)

A small business owner deposits $5000 monthly deposits in an equity fund as his financial analysis sees a positive outlook in the coming years. The fund gives an ave interest rate of 6% per year, compounded monthly. How much would the fund be worth after 15 years? (use 4 decimal places for computation of i)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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