Question
if a business manager deposits $60,000 in a bond fund at the end of each year for twentys years, what will be the value of
if a business manager deposits $60,000 in a bond fund at the end of each year for twentys years, what will be the value of her investment?
a) at a compounded rate of 6%
b) at a compounded rate of 4%
What would the outcome be in each case if the deposits were made at the beginning of each year?
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Money And Capital Markets
Authors: Peter Rose, Milton Marquis
10th Edition
0077235800, 9780077235802
