You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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1. You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

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