Question: Question 4 6 2 pts Dave borrows $ 2 5 0 , 0 0 0 to buy a condo. He financed the condo over 2

Question

46

2

pts

Dave borrows $

250, 000

to buy a condo. He financed the condo over

25

years at

10 %

interest and will make monthly payments. His wise uncle advised him to invest the payment in an equity mutual fund rather than buying the condo. How much would Dave accumulate over the same time period if her invested in the equity mutual fund that was able to earn

8 %

compounded monthly?

Question 46 2 pts Dave borrows $250,000 to buy a condo.

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