Suppose that you have placed money in 2 funds fund a and


Suppose that you have placed money in 2 Funds: Fund A and Fund B. Fund A accumulates at 9% effective and Fund B at 8% effective. At the end of 10 years, the total of the two funds is 52,000. At the end of 8 years, the amount in Fund B is three times that in fund A. How much is in Fund A after 15 years?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Suppose that you have placed money in 2 funds fund a and
Reference No:- TGS01153935

Expected delivery within 24 Hours