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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. 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. $362,419.38 $418,469.15 $412,758.60 $449,687.25

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