Assume that you make a single, one-time investment of $2016 at time zero in an account that
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Question:
Assume that you make a single, one-time investment of $2016 at time zero in an account that is expected to average 7.0% return per year for the next 30 years. How much do you expect to have in the account at the end of the 30 years? Answer to 2 decimal places.
Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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