Question
US corp is keeping idle cash recources with vangaurd money market fund. Now this fund pays 0.1% per month and you think this will continue
US corp is keeping idle cash recources with vangaurd money market fund. Now this fund pays 0.1% per month and you think this will continue into forseeable future. US corp will allocate into this account: 3,000,000 today; will add another 4,000,000 in 1 year and add another 6,000,000 in 2 years. How much will be in this account in 6 years?
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
16th Edition
027377817X, 978-0273778172
