Were you to invest $45 each month into a mutual fund which averaged a 12.5% annual return,

Fantastic news! We've Found the answer you've been seeking!

Question:

Were you to invest $45 each month into a mutual fund which averaged a 12.5% annual return, what would be the mutual fund account value after 12 years?

What would be your future account value (after-tax and after-inflation) if you invested $175 each month into a growth mutual fund for 20 years? Assume an average annual rate of return of 13 percent. Assume a combined federal and state income tax of 24% and an average inflation rate of 3.8% over the 20-year period.

What would be your future account value if you invested $175 each month into a growth mutual fund for 20 years? Assume an average annual rate of return of 13 percent.

Were you to invest $45 each month into a mutual fund which averaged a 12.5% annual return, what would be the mutual fund account value after 12 years after taxes and inflation? Assume a combined federal and state income tax of 24% and an average inflation rate of 4% over the 12-year period.