You have decided to invest $500 in a mutual fund today and make $500 end-of-the-year investments in the fund each year until you retire for 40 years.Assuming an annual interest rate of 12%,what do you estimate that you will have in this account at retirement?

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The Answer of You have decided to invest $500 in a mutual fund today and make $500 end-of-the-year investments in the fund each year until you retire for 40 years.Assuming an annual interest rate of 12%,what do you estimate that you will have in this account at retirement?

You Have Decided to Invest $500 in a Mutual Fund