Jessica Wright has always been interested in stocks. She has decided to invest$2,000 once every year into

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Jessica Wright has always been interested in stocks. She has decided to invest$2,000 once every year into an equity mutual fund that is expected to produce a return of6 percent a year for the foreseeable future. Jessica is really curious how much money shecan reasonably expect her investment to be worth in 20 years. What would you tell her?
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Personal Financial Planning

ISBN: 978-1305636613

14th edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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