Question
The future value of an annuity question: 1.a) Olana has been investing $7,000 at the end of each year for the past 10 years in
The future value of an annuity question:
1.a) Olana has been investing $7,000 at the end of each year for the past 10 years in a growth mutual fund. How much is the fund worth now assuming he has earned 11.6% compounded annually on his investment?
b) Amen has been investing $2,600 at the end of each year for the past 30 years in a growth mutual fund. How much is the fund worth now assuming he has earned 14% compounded annually on his investment?
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Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
11th Edition
012819782X, 978-0128197820
