Calculate amount of money dumonts have in savngs account, Microeconomics

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Calculate amount of money dumonts have in savngs account

Calculate the amount of money the Dumonts will have in their saings account if they add no other funds and keep it invested at 3 percent over the next 25 years. calculate how much they can accumulate over 25 years if they move the money into a money market mutual fund earning 5 percent. Based on the calculations, should the Dumonts reallocate their savings into a money market market mutual fund?

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Microeconomics: Calculate amount of money dumonts have in savngs account

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