Pamela is also a saver. She sets aside $100 per month during her 40-year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period. 7. How much money did Pamela make through compounded returns in 6. How much of the total 5. What is the total balance in the account after 40 years? did Pamela contribute herself? this investment account?

Pamela is also a saver. She sets aside $100 per month during her 40-year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period. 7. How much money did Pamela make through compounded returns in 6. How much of the total 5. What is the total balance in the account after 40 years? did Pamela contribute herself? this investment account?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 18PROB

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