If a business manager deposits $60,000 in a bond fund at the end of each year for

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If a business manager deposits $60,000 in a bond fund at the end of each year for 20 years, what will be the value of his investment?

a. At a compounded rate of 7%?

b. At a compounded rate of 3%?

What would the outcome be in each case if the deposits were made at the beginning of each year?

Posted Date: May 11, 2024 01:51 AM

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If a business manager deposits $60,000 in a bond fund at the end of each year for

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