Your Aunt left you 100.000 dollars in her will with instructions that the money had...
90.2K
Verified Solution
Link Copied!
Question
Finance
Your Aunt left you 100.000 dollars in her will with instructions that the money had to be invested for a minimum of 5 years in a mutual fund she had selected that has historically returned 4 percent. Assuming the return earned for the percent and time period indicated, what is the value of your inheritance at the end of the time period it was invested? amount 100,000 number of periods5 4 312,500.000.00 121,550.63 82.192.71 121655.29
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.