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Category > Business & Finance Posted 18 May 2017 My Price 10.00

Fall07:Jan plans

Fall07:Jan plans to invest an equal amount of $2,000 in an equity fund every year-end beginning this year. The expected annual return on the fund is 15 percent. She plans to invest for 20 years. How much could she expect to have at the end of 20 years?

A. $237,620

B. $176,424

C. $204,887

D. $178,424

Level of difficulty: Difficult

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Homework Helper
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Status NEW Posted 18 May 2017 04:05 AM My Price 10.00

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