A recent graduate took her first job with an investment bank with a signing bonus of...

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A recent graduate took her first job with an investment bank with a signing bonus of...

A recent graduate took her first job with an investment bank with a signing bonus of $4,000.00. She decides to invest the bonus into a mutual fund that pays 8.00% per year on average. What will be the value of this investment in 20.00 years?

Answer Format: Currency: Round to: 2 decimal places.

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Answer 1

Answer #1

Signing bonus	4,000
Interest rate	8.00%
Time	20
Amount after 20 years	4000*(1+8%)^20
Amount after 20 years	18,643.83

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Answer 2

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