Question
Sally packs a picnic lunch and spends every other Saturday in the park; that night, she deposits $100 in an online mutual fund savings account
Sally packs a picnic lunch and spends every other Saturday in the park; that night, she deposits $100 in an online mutual fund savings account which pays 8% interest. If Sallys account compounds monthly, calculate how much Sally will have in her savings account: Based on the first scenario: Answer the following question utilizing the Future Value of an Annuity calculator:
In 10 years?
In 20 years?
In 30 years?
In 40 years?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
