Question
Multiple Choice If $500 is deposited into an investment at the end of every month for five years and the money is then left to
Multiple Choice
If $500 is deposited into an investment at the end of every month for five years and the money is then left to accumulate without any more deposits for another five years, what will be the total value of the investment if it earns a rate of 8% compounded quarterly?
A. $187,103
B. $104,519
C. $91,201
D. $57,026
E. $54,516
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
