On the advice of a friend, Gilda invests $20,000 in a mutual fund that has earned 10

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On the advice of a friend, Gilda invests $20,000 in a mutual fund that has earned 10 percent per year, on average, in recent years. If this rate of return continues, determine how much her investment will be worth in:
a. one year
b. five years
c. 10 years

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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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