Question
An investor place $1000 into a fund on the first day of the year. the investor place an additional $600 on the last day of
An investor place $1000 into a fund on the first day of the year. the investor place an additional $600 on the last day of year, and investor continues to place $600 into fund on the last day of the next five year. if the fund offers 12% apr, compounded annually, what is the value of the fund at the end of the six- year period?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
