If a business manager deposits 60000 in a bond fund at the, Financial Management

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If a business manager deposits 60000 in a bond fund at the

If a business manager deposits $60,000 in a bond fund at the end of each year for twentys years, what will be the value of her investment?

a) at a compounded rate of 6%

b) at a compounded rate of 4%

What would the outcome be in each case if the deposits were made at the beginning of each year?

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Financial Management: If a business manager deposits 60000 in a bond fund at the

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Financial Management: If a business manager deposits 60000 in a bond fund at the

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