Assume a 4 percent after-tax annual return will be earned


Assume a 4 percent after-tax annual return will be earned in a money market fund. How much will be accumulated in 20 years if the $30,000 remains in the money market and $3,052 per year is placed in the same investment?

(Note that you are analyzing the "as is" investment strategy )

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Financial Management: Assume a 4 percent after-tax annual return will be earned
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