Ask Question
10 December, 14:24

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

+1
Answers (1)
  1. 10 December, 15:31
    0
    The balance in the account at the end of 15 years is $ 24,236.69

    Explanation:

    yr CF DF @ 4.35 Amount

    1 10,000.00 1.8940 18,940.30

    1-15 1,250.00 10.8512 13,563.94

    Total 32,504.24
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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers