Question
An investment of $50 is to be made at the end of this month and that amount is increased by 1% every month for 40
An investment of $50 is to be made at the end of this month and that amount is increased by 1% every month for 40 years. The investments are expected to earn 13.2% compounded monthly. What should be the total value of these investments in 40 years?
Multiple Choice
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$3,607,093
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$862,680
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$1,847,397
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$997,481
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$2,646,194
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Public Sector Accounting And Budgeting For Non-Specialists
Authors: G. Jan Van Helden, Ron Hodges
1st Edition
1137376988, 9781137376985
