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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Question
You deposit the following at the end of each year into a growth mutual fund that earns 11 percent per year:
- How much should the fund be worth at the end of 5 years
- How much interest have you earned in total?
Transcribed Image Text:Year
Deposit ($)
4,000
3,500
2,500
2,000
1,700
$13,700
I
12345
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