Able invested $5,000 in a fund for 45 years This fund gives an annual return on...

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Able invested $5,000 in a fund for 45 years This fund gives an annual return on 7 percent per year for first 20 years and then earns 9% for remaining time. How much will this fund grow to at the end of the 45 years? Able invested $5,000 in a fund for 45 years This fund gives an annual return on 7 percent per year for first 20 years and then earns 9% for remaining time. How much will this fund grow to at the end of the 45 years?

Answer rating: 100% (QA)

Able invested 5000 initially The fund earned 7 annual return for the first 20 year... View the full answer