Question
At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year: How much should the
At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year: How much should the fund be worth at the end of 5 years?
Year Deposit FV Factor Future Value
- $5,000
- $7,500
- $4,500
- $5,500
- $6,200
TOTAL FUTURE VALUE=
Question: Why is it important for you to understand future values? Describe how you plan to apply it to your professional/personal life.
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
