Bylo Selhi wants to know how many years it well take for his mutual fund investment of

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Bylo Selhi wants to know how many years it well take for his mutual fund investment of $50,000 to reach $500,000 if his mutual fund pays an average of 12 percent per year.

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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 09:02 AM

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Bylo Selhi wants to know how many years it well take for his mutual fund investment of

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This is a future value of a lump sum problem with 500000 ...View the full answer

Entrepreneurial Finance

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