I. Answer both parts of this question. a. If you invest $1000 a year at the end of each year for th

[answerhappygod]

I. Answer both parts of this question.




















a. If
you invest $1000 a year at the end of each year for the next
twenty-six years in a broadly-based stock market fund which





historically has earned 7% per year, how much will you expect
have at the end of these 26 years if you believe stock




market
history is an excellent guide to the future?
















b. If
instead you invest $1000 a year at the beginning of each year for
the next twenty-six years in the same fund, how




much
would you have at the end of those twenty-six years?