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fund returned 13.9% compounded monthly. How much would a $6000 investi ent.)

fund returned 13.9% compounded monthly. How much would a $6000 investi ent.)

Essentials Of Investments
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
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Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.) $
Transcribed Image Text:Since 2007, a particular fund returned 13.9% compounded monthly. How much would a $6000 investment in this fund have been worth after 2 years? (Round your answer to the nearest cent.) $
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