Multiple Choice
Assume that you invest $750 at the end of each quarter for the next 20 years in a mutual fund.The annual rate of interest that you expect to earn in this account is 5.25%.The amount in the account at the end of 20 years is
A) $60,000.00
B) $105,039.84
C) $37,009.35
D) $123,510.52
E) $115,637.37
Correct Answer:
Verified
Correct Answer:
Verified
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