You deposit the following at the end of each year into a growth mutual fund that earns 11 percent per year Year Deposit 1 $4,000 2 3,500 3 2,500 4 2,000 5 1,700 $13,700 a How much should the fund be worth at the end of five years $17,859 28 b How much interest will you have earned in total ...

a b 12441 3 5 Year Return 1100 De ...

You deposit the following at the end of each year into a growth mutual fund that earns

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You deposit the following at the end of each year into a growth mutual fund that earns 11 percent per year.

Year	Deposit
1	$4,000
2	3,500
3	2,500
4	2,000
5	1,700
	$13,700

a. How much should the fund be worth at the end of five years? $17,859.28

b. How much interest will you have earned in total?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Question Posted: Jul 31, 2015 09:06 AM

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You deposit the following at the end of each year into a growth mutual fund that earns

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