Business, 23.04.2020 23:03, sonyfan

Suppose that you invest $5,000 in a mutual fund at the end of each year for the next 17 years. This period of time is your planned holding period. You intend to leave these contributions and any fund distributions earned in the account until the end of your holding period. Your forecast rate of return on this mutual fund is 11% per year, compounded annually.

What is the forecast value of your account at the end of your holding period? Round your answer to the nearest dollar.

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Suppose that you invest $5,000 in a mutual fund at the end of each year for the next 17 years. This...