Question
if a business manager deposits $60,000 in a bond fund at the end of each year for 20 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 20 years, what will be the value of his investment ?
A. At a compounded rate of 7 %?
B. At a compoinded rate of 3%?
What would the outcome be in each case if the deposits were made at the beginning of each year?
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Finance Markets Investments And Financial Management
Authors: Daisy Scott
1st Edition
1639892001, 9781639892006
