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Your Aunt left you 25,000 dollars in her will with instructions that the money had to be invested for a minimum of 3 years in a mutual fund she had...

Your Aunt left you 25,000 dollars in her will with instructions that the money had to be invested for a minimum of 3 years in a mutual fund she had selected that has historically returned 5 percent.

Assuming the return earned for the percent and time period indicated, what is the value of your inheritance at the end of the time period it was invested?

amount = 25,000

number of periods = 3

r = 5

a. 21,595.94

b. 28,981.85

c. 28,940.63

d. 5,400,000.00

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2 comments
• Thank you!
• bluplanet
• May 13, 2018 at 9:32am
• Most glad to help :)
• payaljain3
• May 13, 2018 at 9:44am

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