Question
Suppose a money market fund has an annual after-tax return of 4 percent. If $30,000 remains in the money market and $3,052 per year is
Suppose a money market fund has an annual after-tax return of 4 percent. If $30,000 remains in the money market and $3,052 per year is invested in the same investment, how much will it accumulate over 20 years?
(Remember that you are analyzing the "as is" investment strategy)
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
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