Salvatore will contribute $500 to a mutual fund at the beginning of each calendar quarter a What will be the value of his mutual fund after 6 years if the fund earns 7 6 compounded annually b How much of this amount represents investment earnings ...

Salvatore will contribute $500 to a mutual fund at the beginning of each calendar quarter. a. What

Question:

Salvatore will contribute $500 to a mutual fund at the beginning of each calendar quarter.
a. What will be the value of his mutual fund after 6 ½ years if the fund earns 7.6% compounded annually?
b. How much of this amount represents investment earnings?

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