Posted by **ms guzman** on Wednesday, September 22, 2010 at 1:48pm.

Djer invests $5000 each year into a mutual fund earning 6.15% compounded annually. After 8 years he stops making payments, but leaves the funds invested for an additional 4 years.

a) What is the value of the fund at the end of 8 years? $

b) What is the value of the fund after an additional 4 years? $

## Answer this Question

## Related Questions

- math - Your invest $3,000 annually in a mutual fund that earns 10 percent ...
- Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...
- math - Michael invested $1600 per half-year in an IRA each half-year for 9 years...
- Finance - Your Uncle has two alternative inheritence for you. A. You receive ...
- math 141 - Maria just inherited $10,000. Her bank has a savings account that ...
- Finance - On August 1, 2005 you invested $3,000 into a mutual fund. You then ...
- Correted Bob can you re-check? - So i pretty much had them right the first time ...
- checking answers please help - 1. $5000.00 compunded annually at 6% for 5 years...
- Finance - 1. $5000.00 compunded annually at 6% for 5 years= $6,691.1279? 2. $...
- accounting - novelty industries is establishing a sinking fund to redeem rs ...