ou decide to contribute to a mutual fund that averages 3.6% return per year. If you contribute $600 quarterly. Round all answers to the nearest cent as needed. a) How much will be in the account after 20 years? $ b) How much of this money did you deposit? $ c) How much of this money is interest earned? $ Submit Question Question 3

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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You decide to contribute to a mutual fund that averages 3.6% return per year. If you contribute $600 quarterly.
Round all answers to the nearest cent as needed.
a) How much will be in the account after 20 years? $

b) How much of this money did you deposit? $

c) How much of this money is interest earned? $
Submit Question Question 3
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