If a Nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will be the value of this investment:

A. What will it be 3 years from now?

B.What will it be 6 years from now?

C.What will it be 9 years from now?

D.What will it be 12 years from now?

Answer rating: 100% (QA)

To calculate the future value of an investment compounded annually we can use the formula FV PV 1 rn ... View the full answer