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Serena Medavoy will invest $8,800 a year for 20 years in a fund that will earn 15% annual interest. Click here to view factor tables.
Serena Medavoy will invest $8,800 a year for 20 years in a fund that will earn 15% annual interest. Click here to view factor tables. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year - end, what amount will be in the fund in 20 years? (Round factor volues to 5 decimal ploces, es 1.25124 and final answers fo 0 decimal places, es. 458,581) First payment today First payment at year-end
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