Question
Jean invests $1000 in Year 1 in a socially responsible fund, and doubles the amount each year after that (so the investment is $1000, 2000,
Jean invests $1000 in Year 1 in a socially responsible fund, and
doubles the amount each year after that (so the investment is $1000,
2000, ).
(a) If she does this for 10 years, and the investment pays 4% annual
interest, what is the future worth of her investment?
(b) What are socially/ethically responsible investment funds? How do
they differ from other types of investments? Why do people invest in
them?
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
