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Tatiana [17]
3 years ago
6

Adam plans to invest $1500 today in a mutual fund. if he earns 12 percent interest compounded monthly, to what amount will his i

nvestment grow in 20 years? use a financial calculator to make the calculation.
Business
1 answer:
konstantin123 [22]3 years ago
4 0
Starting amount is $1,500, 12% interest that compounds monthly and it will grow over a period of 20 years. Using a calculator it comes out to a total of <span>$16,339.07</span>
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ivann1987 [24]

Answer:  $‭1,014,300‬

Explanation:

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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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Answer: You decide to go to college probably because<em><u>"You value a year of college at more than $56,000"</u></em>

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So, you will attend college if you perceive value of attending college more than  ($22,000 + $34,000)= $56,000

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