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  3. jean invests $1000 in year 1 in a socially respons

Jean invests $1000 in Year 1 in a socially responsible fund, and doubles the amount...

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Question

Accounting

Jean invests $1000 in Year 1 in a socially responsible fund, and

doubles the amount each year after that (so the investment is $1000,

2000, ).

(a) If she does this for 10 years, and the investment pays 4% annual

interest, what is the future worth of her investment?

(b) What are socially/ethically responsible investment funds? How do

they differ from other types of investments? Why do people invest in

them?

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