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Were you to invest $45 each month into a mutual fund which averaged a 12.5% annual return, what would be the mutual fund account value
Were you to invest $45 each month into a mutual fund which averaged a 12.5% annual return, what would be the mutual fund account value after 12 years after taxes and inflation? Assume a combined federal and state income tax of 24% and an average inflation rate of 4% over the 12-year period. Group of answer choices $9,512.47 $9,434.34 $9,173.36 $9,023.97
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