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You purchased 74 shares of Z stock in January 2022 for $40 per share. Each year you received a cash dividend of $0.75 per share.

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You purchased 74 shares of Z stock in January 2022 for $40 per share. Each year you received a cash dividend of $0.75 per share. In December of 2026 , you sold 74 shares of Z 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 invest $10,000 each year into a mutual fund for 20 years? Assume an annual rate of return of 11.0 percent. Assume an income tax rate of 22% and an inflation rate of 3.5 percent. $488,107.40 $388.459.62 $343,534.54 $327,470.02

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