You received $2,500 at your graduation party and have decided to invest it in a stock index fund that earns 8% annually, but pays semi-annually. How much will you have 5 years from now?
You received $2,500 at your graduation party and have decided to invest it in a stock index fund that earns 8% annually, but pays semi-annually. How much will you have 5 years from now?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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You received $2,500 at your graduation party and have decided to invest it in a stock index fund that earns 8% annually, but pays semi-annually. How much will you have 5 years from now?
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