Multiple Choice
Adam plans to invest $1500 today in a mutual fund. If he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? Use a financial calculator to make the calculation.
A) $17,289
B) $15,897
C) $16,339
D) $12,450
E) $18,546
Correct Answer:
Verified
Correct Answer:
Verified
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