5. Consider the following four investments. a) You invest $ 3,000 annually in a mutual fund that earns 10 percent annually, and you reinvest all distributions. How much will you have in the account...
5. Consider the following four investments. a) You invest $ 3,000 annually in a mutual fund that earns 10 percent annually, and you reinvest all distributions. How much will you have in the account...
9. The following questions illustrate nonannual compounding. a) One hundred dollars is placed in an account that pays 12 percent. How much will be in the account after one year if interest is...
2. At the end of each year a self- employed person deposits $ 1,500 in a retirement ac-count that earns 7 percent annually. a) How much will be in the account when the individual retires at...