Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 inanother guaranteed fund at 4 ½ % return. After 20 years since the first investment, how much money in total will he have inboth funds?$116,984O $65,239O $61,000$67, 215

1) For mutual fund 1:PV= $10,000r=0.05n=20FV1=?2) For mutual fund 2:PV= $20,000r=0.045n=15FV2=?

Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 in another guaranteed fund at 4 %2% return. After 20 years since the first investment, how much money in total will he have in both funds? O $116,984 O $65,239 O $61,000 O $67, 215

Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 in another guaranteed fund at 4 %2% return. After 20 years since the first investment, how much money in total will he have in both funds? O $116,984 O $65,239 O $61,000 O $67, 215

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 in
another guaranteed fund at 4 ½ % return. After 20 years since the first investment, how much money in total will he have in
both funds?
$116,984
O $65,239
O $61,000
$67, 215

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