Question
Xiang invests $25,000 per year, starting today, for 20 years at an interest rate of 7%. What is the value of the investment at the
Xiang invests $25,000 per year, starting today, for 20 years at an interest rate of 7%. What is the value of the investment at the end of the 20 years?
| $1,096,629.42 | ||
| $1,024,887.31 | ||
| $283,389.88 | ||
| $264,850.36 |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
