Question $46$

$2$ pts

Dave borrows $$250,000$ to buy a condo. He financed the condo over $25$ years at $10\%$ interest and will make monthly payments. His wise uncle advised him to invest the payment in an equity mutual fund rather than buying the condo. How much would Dave accumulate over the same time period if her invested in the equity mutual fund that was able to earn $8\%$ compounded monthly?