2. As you are dealing with a pension fund, you know there will be monthly deposits...
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2. As you are dealing with a pension fund, you know there will be monthly deposits to the fund made by the beneficiaries. If the deposits represent $25'000 per month and you can invest the fund at an annual rate of 6.47% (compounded monthly), how many years would it take to double the value of the fund? Round your answer to one decimal (for example 45.239 = 45.2). Answer: years 2. As you are dealing with a pension fund, you know there will be monthly deposits to the fund made by the beneficiaries. If the deposits represent $25'000 per month and you can invest the fund at an annual rate of 6.47% (compounded monthly), how many years would it take to double the value of the fund? Round your answer to one decimal (for example 45.239 = 45.2). Answer: years
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Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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