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You want to go to Europe 5 years from now, and you can save $5,000 per year, beginning one year from today. You plan to
You want to go to Europe 5 years from now, and you can save $5,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
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$33,182.09
$29,034.33
$26,071.64
$33,478.36
$29,626.86
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