Question
Marge has been dollar-cost averaging (buying over time at regular intervals) in a mutual fund by investing $2,406 at the beginning of every quarter for
Marge has been dollar-cost averaging (buying over time at regular intervals) in a mutual fund by investing $2,406 at the beginning of every quarter for the past 12 years. She has been earning an annual compound return of 6.1% compounded quarterly on this investment. How much is the fund worth today?
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Behavioral Finance And Asset Prices
Authors: David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin
1st Edition
3031244850, 978-3031244858
