A mutual stock fund has grown at a rate of 16 compounded, Ask an Expert

Economics

A mutual stock fund has grown at a rate of 16% compounded annually since its beginning. If it is anticipated that it will continue to grow at this rate, how much must be invested every year so that $60,000 will be accumulated at the end of 12 year?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91521442

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