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
Related questions
Question
Transcribed Image Text:Harriet has been investing $300 at the end of each month for the past 25 years in an equity mutual fund. How
much is the fund worth assuming she has earned a 12% annual return compounded monthly on her investment?
40,000
563,654
37,699
647,288
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