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You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to
You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
$13,369 | ||
$11,274 | ||
$11,501 | ||
$11,964 | ||
$12,327 |
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