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

Question:

Lucy Price 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 percent a year for the foreseeable future. Lucy is really curious how much money she can reasonably expect her investment to be worth in 20 years. What would you tell her?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Financial Planning

ISBN: 9780357438480

15th Edition

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

Question Posted: