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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 26
Solve the following application problems.
MUTUAL FUND INVESTING Sandra Gonzales deposits $1000 into a mutual fund containing international stocks at the end of each semiannual period for 12 years. Assume the fund earns 10% interest compounded semiannually and find the future value. ____________
MUTUAL FUND INVESTING Sandra Gonzales deposits $1000 into a mutual fund containing international stocks at the end of each semiannual period for 12 years. Assume the fund earns 10% interest compounded semiannually and find the future value. ____________
Explanation
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Since the deposits are made at the end o...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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