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Question 10 Levi has $32,000 invested in his favorite mutual fund which earns 12.0% per year. If he adds $550 per month to the fund, how much will the fund be worth 25 years from today? O $1,666,596.56 O $633,230.92 O $400,134.72 O $1,033,365.64 Question 11 Austin invests $350 per month earning 12.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 13.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Austin have at the end of the 15 years? O $2,016,000.00 O $80,513.54 O $2,250,835.82 O $538,030.45 Question 12 Elijah invests $200 per month earning 7.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 9.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Elijah have at the end of the 15 years? O $34,616.96 O $2,016,000.00 O $360,210.92 O $135,051.91

Question 10 Levi has $32,000 invested in his favorite mutual fund which earns 12.0% per year. If he adds $550 per month to the fund, how much will the fund be worth 25 years from today? O $1,666,596.56 O $633,230.92 O $400,134.72 O $1,033,365.64 Question 11 Austin invests $350 per month earning 12.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 13.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Austin have at the end of the 15 years? O $2,016,000.00 O $80,513.54 O $2,250,835.82 O $538,030.45 Question 12 Elijah invests $200 per month earning 7.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 9.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Elijah have at the end of the 15 years? O $34,616.96 O $2,016,000.00 O $360,210.92 O $135,051.91

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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Question 10 Levi has $32,000 invested in his favorite mutual fund which earns 12.0% per year. If he adds $550 per month to the fund, how much will the fund be worth 25 years from today? O $1,666,596.56 O $633,230.92 O $400,134.72 O $1,033,365.64 Question 11 Austin invests $350 per month earning 12.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 13.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Austin have at the end of the 15 years? O $2,016,000.00 O $80,513.54 O $2,250,835.82 O $538,030.45 Question 12 Elijah invests $200 per month earning 7.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 9.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Elijah have at the end of the 15 years? $34,616.96 $2,016,000.00 O $360,210.92 O $135,051.91
Transcribed Image Text:Question 10 Levi has $32,000 invested in his favorite mutual fund which earns 12.0% per year. If he adds $550 per month to the fund, how much will the fund be worth 25 years from today? O $1,666,596.56 O $633,230.92 O $400,134.72 O $1,033,365.64 Question 11 Austin invests $350 per month earning 12.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 13.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Austin have at the end of the 15 years? O $2,016,000.00 O $80,513.54 O $2,250,835.82 O $538,030.45 Question 12 Elijah invests $200 per month earning 7.0% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 9.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Elijah have at the end of the 15 years? $34,616.96 $2,016,000.00 O $360,210.92 O $135,051.91
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