Suppose you invest $2500 in a mutual fund today and $5000 in one year. If the fund

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Suppose you invest $2500 in a mutual fund today and $5000 in one year. If the fund pays 7% annually.

How much will you have in two years?

b) Suppose you plan to deposit $2500 into an account in one year and $5000 into the account in three years.

How much will be in the account in five years if the interest rate is 7%?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Jul 03, 2023 12:24 AM

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Suppose you invest $2500 in a mutual fund today and $5000 in one year. If the fund

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a To calculate the amount you will have in two years we need to calculate the future value of each i... View the full answer

Personal Finance Turning Money into Wealth

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