Question
Sarah makes a New Year's resolution to deposit $500.00 every quarter into a mutual fund that has averaged 11.5% compounded monthly. The first deposit will
Sarah makes a New Year's resolution to deposit $500.00 every quarter into a mutual fund that has averaged 11.5% compounded monthly. The first deposit will be made on Jan. 1, 2010. How much will the fund be worth when she retires on Sept.30, 2022?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
