Suppose a money market fund has an annual after-tax return of 4 percent. If $30,000 remains in
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Question:
Suppose a money market fund has an annual after-tax return of 4 percent. If $30,000 remains in the money market and $3,052 per year is invested in the same investment, how much will it accumulate over 20 years?
(Remember that you are analyzing the "as is" investment strategy)
Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
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