Question
You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to
You want to go to Europe 5 years from now, and you can save $7,300 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?
| a. | $50,608.61 |
| b. | $51,906.27 |
| c. | $46,715.64 |
| d. | $32,873.97 |
| e. | $43,255.22 |
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
