Question
If $500 is deposited into ann investment at the end of every month for five years and the money is then left to accumulate without
If $500 is deposited into ann investment at the end of every month for five years and the money is then left to accumulate without any more deposits for another five years, what would be the total value of the investment after 10 years if it earns 8% compounded quarterly the whole time?
A. $91,201
B. $187,103
C. $54,516
D. $57,026
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
