What would be your future account value (after-tax and after-inflation) if you invested $175 at the end
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What would be your future account value (after-tax and after-inflation) if you invested $175 at the end of each month into a growth mutual fund for 22 years? Assume a gross annual rate of return of 11.5%.Also assume a marginal tax rate of 15% and an average annual inflation rate of 4.2% over 22 years.
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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