Amy Stewart has always been interested in stocks. She has decided to invest $2,000 once every year

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Amy Stewart has always been interested in stocks. She has decided to invest $2,000 once every year into an equity mutual fund that is expected to produce a return of 6% a year for the foreseeable future. Amy is really curious how much money she can reasonably expect her investment to be worth in 20 years. What would you tell her?

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Related Book For  answer-question

Personal Financial Planning

ISBN: 9781439044476

12th Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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