You have decided to give your grandchild a graduation gift of $ 1 0 , 0 0

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Question:

You have decided to give your grandchild a graduation gift of $

10, 000 .

The child will graduate in

18

years if you invest in a mutual fund with a

25

year average return for the chosen mutual fund is

7 % .

How much must you invest for the same return assuming no risk.

Posted Date: May 18, 2024 01:03 PM

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