DAIGLDD4403 DAIGLDD4403

07-06-2023
Business

contestada

You want to go to Europe 5 years from now, and you can save $2,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
a. $13,369
b. $11,274
c. $11,501
d. $11,964
e. $12,327

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