You have $12,000 in cash. You can deposit it today in a mutual fund earning 9.8 percent semiannually

(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your input answers to the nearest penny.)

a. What would be the future value of the bank investment?
b.What would be the future value of investing in your brother's business?




Anonymous User
Anonymous User
Asked Sep 30, 2013
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