Value of the fund, Dennis has been dollar cost averaging in a mutual fund by investing, Finance Basics

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Value of the fund

Dennis has been dollar cost averaging in a mutual fund by investing $1,000 at the beginning of every quarter for the past 5 years. He has been earning an average annual compound return of 11% compounded quarterly on this investment. What is the value of the fund today?

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Finance Basics: Value of the fund

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Finance Basics: Value of the fund

Reference No:- TGS042942

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Value of the fund

Reference No:- TGS042942

Recent Questions Asked Finance Basics

Q : Compute revenue and gross profit, by year

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