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What will be the value of her investment

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Question - If a business manager deposits $60,000 in a bond fund at the end of each year for twenty years, what will be the value of her investment:

1. At a compounded rate of 6 percent?

2. At a compounded rate of 4 percent?

What would the outcome be in each case if the deposits were made at the beginning of each year?

Reference no: EM132241071

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