Assume That You Invest $750 at the End of Each

question 42

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 percent. 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.

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