Question
Alysha plans to invest $4000 in an equity fund every year end beginning this year. The expected annual return on the fund is 15 percent.
Alysha plans to invest $4000 in an equity fund every year end beginning this year. The expected annual return on the fund is 15 percent. How much would she expect to have at the end of 16 years?
A. $222870
B. $194322
C. $190322
D. $260300
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
