Daniel invested $10,000 at time 0 in a mutual fund that guaranteed a return of 5%...
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Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 in another guaranteed fund at 4 % % return. After 20 years since the first investment, how much money in total will he have in both funds? Daniel invested $10,000 at time "0" in a mutual fund that guaranteed a return of 5% per year and after 5 years invested $20,000 in another guaranteed fund at 4 % % return. After 20 years since the first investment, how much money in total will he have in both funds?
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To calculate the total amount of money Daniel will have after 20 years in both funds we first need t... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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