Suppose a money market fund has an annual after-tax return of 4 percent. If $30,000 remains in the money market and $3,052 per year is invested in the same investment, how much will it accumulate over 20 years?
(Remember that you are analyzing the "as is" investment strategy)

Answer rating: 100% (QA)

Assuming the aftertax return of 4 remains constant for the 20year period the accumulated va... View the full answer