You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

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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1. You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount to be invested at the end of each month in a mutual fund that would grow at a rate of 6% for five years. How much would be the future value of this investment?

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Similar questions

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