Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the mutual fund. The annual rate of interest that you expect to earn in this account is 4.35%. The amount in the account at the end of 15 years is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume that you invest $1250 at the end of each of the next 15 years in a mutual fund. You currently have $10,000 in the mutual fund. The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In which part of a résumé would you mention the names and contact details of your previous employers? In your résumé, you need to mention the names and contact information of your previous employers under
Answers (1)
Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 400 units in process that were 70% complete, receiving 2,500 units from the Cutting Department.
Answers (1)
Operations managers view innovation as a ""funnel"" because: Small ideas grow to become broad new strategies It often takes many new ideas to yield a few really good innovations Good innovators invest in as many new projects as they can afford
Answers (1)
Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For the month of March, the company planned for activity of 632 frames, but the actual level of activity was 639 frames.
Answers (1)
Producer surplus is defined as the:difference between a price floor and the market price. gap between the supply curve and the market price. gap between the demand curve and the market price. difference between a price ceiling and the market price.
Answers (1)
New Questions in Business
What are the limitations of gdp and gnp
Answers (2)
If you invest $100 today in a bank account that pays a one time interest at the end of each year (you leave the interest you collect from the bank from the first year in the bank to collect interest during the second year).
Answers (1)
News about the airport closing spread from the public safety manager to the deputy directors to members of airport security to aircraft rescue personnel to administrative assistants and then to the rest of the airport employees.
Answers (1)
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for building a foundation and installing the machinery.
Answers (1)
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment today of $46 million, 10 annual end-of-year payments of $7 million, or 30 annual end-of-year payments of $4 million.
Answers (1)