You just invested $ 80,000 in a mutual fund account that guarantees to pay you 6 percent

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You just invested $ 80,000 in a mutual fund account that guarantees to pay you 6 percent interest, compounded annually. At the end of five years, how much money will have accumulated in your investment account? (Ignore taxes.)

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111971724

9th edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jun 03, 2014 09:42 AM

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You just invested $ 80,000 in a mutual fund account that guarantees to pay you 6 percent

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Net Present Value NPV Method The method of estimati...View the full answer

Cost Accounting Foundations and Evolutions

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