You purchased 74 shares of stock in January 2008 for $40 per share. Each year you received a cash dividend of $0.75 per share. In December of 2012. you sold 74 shares of 2 for $60 per share. Brokerage fees amounted to 3.0% of the purchase price and 3.0% of the sales proceeds. Use this information to answer the next 5 questions, 19. What would be your future account value (after-tax and after inflation) if you invested $600 each month into a growth mutual fund for 35 years? Assume an average annual rate of return of 7.5 percent. Assume a combined federal and state income tax rate of 28% and an average annual inflation rate of 2.7 percent 5362419:38 O $449,687,25 5418,469,15 $412,758.00 Question 20 3.23 pts You purchased 74 shares of stock in January 2008 for $40 per share. Each year you received a cash dividend of $0.75 per stare. In December of 2012. you sold 74 shares of 2 for $60 per share Brokerage fees amounted to 3.0% of the purchase price and 3.0% of the sales proceeds. Use this information to answer the next 5 questions. 20. What would your future account value (after-tax and inflation if you livest $10.000 each year into a mutual fund for 20 years? Assume an annual rate of retum of 11.0 percent. Assume an income tax rate of 22% and an inflation rate of 3.5 percent, o $8.459.62 O $343.534,54 $327470.07 $488.107.40