Alexis plans to invest $2,500 a year for 20 years starting at the end of this...
Alexis plans to invest $2,500 a year for 20 years starting at the end of this year. How much will this investment be worth at the end of the 20 years if she earns an average annual rate of return of 9.6 percent? 1) $181,324.92 2) $311,416.67 3) $136,842.87 4) $127,411.26 5) $217,932.11
Homework Answers
Calculating Future Value,
Using TVM Calculation,
FV = [PV = 0, PMT = 2,500, N = 20, I = 0.096]
FV = $136,842.87
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