David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per year. If he continues to contribute for the next 10 years, how much would he have in his account?
David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per year. If he continues to contribute for the next 10 years, how much would he have in his account?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per year. If he continues to contribute for the next 10 years, how much would he have in his account?
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