Question
2. Assume a 4 percent after-tax annual return will be earned in a money market fund. How much will be accumulated in 20 years if
2. Assume a 4 percent after-tax annual return will be earned in a money market fund. How much will be accumulated in 20 years if the $30,000 remains in the money market and $3,052 per year is placed in the same investment? (Note that you are analyzing the "as is" investment strategy ) P.S. Question is from Cases in financial management 2nd edition
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
