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Your grandmother has invested $3600 in a mutual fund each year on your birthday, with her first payment on your first birthday. The mutual fund
Your grandmother has invested $3600 in a mutual fund each year on your birthday, with her first payment on your first birthday. The mutual fund has earned an annual return of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother's deposit? Round your answer to the nearest dollar
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
