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please show work! QUESTION 48 Tom and Jerry invest $15,000 on December 31st of each year in a stock fund that earns 4% per year
please show work!
QUESTION 48 Tom and Jerry invest $15,000 on December 31st of each year in a stock fund that earns 4% per year compounded annually. After 4 years have passed how much would Tom and Jerry expect to have in the stock fund? Use the time value of money tables on your scratch paper packet. Do not use a $ sign or decimal in your answer. Round to whole dollars. Commas are okStep by Step Solution
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