Question
If a CFO plans to deposit $60,000 of excess cash in a bond fund at the end of each year the next 20 years, what
If a CFO plans to deposit $60,000 of excess cash in a bond fund at the end of each year the next 20 years, what will be the terminal value of that investment:
- At a compounded rate of seven percent $688,195.27
-At a compounded rate of three percent
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
