The Future Value of a Single Amount Evans invested $187,500 today in a mutual fund earning 4% interest, compounded annually.  Round answers to the nearest whole dollar.  Do not use negative signs with any of your answers. a. What is the value of the mutual fund in 5 years? $ b. What is the value of the mutual fund in 20 years? $ 228,131 x 410,831 x Check

 

 

 

 

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a To calculate the future value of the mutual fund in 5 years we can use the formula for compound in... View the full answer