May I ask for an explanation and solution to the question for a better understanding. Thank you! 3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years? a. P3,402.92 b. P7,346.64 c. P4,629.63 d. P5,400.00
May I ask for an explanation and solution to the question for a better understanding. Thank you! 3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years? a. P3,402.92 b. P7,346.64 c. P4,629.63 d. P5,400.00
Chapter15: Mutual And Exchange Traded Funds
Section: Chapter Questions
Problem 3LTAI
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May I ask for an explanation and solution to the question for a better understanding. Thank you!
3. If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the proceeds each year, what will be the value of your investment after five years?
a. P3,402.92
b. P7,346.64
c. P4,629.63
d. P5,400.00
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