Do fast A small scale mining investment is expected to generate $60,000 per year in...
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A small scale mining investment is expected to generate $60,000 per year in profits over the next 15 years. If these profits are invested in a mutual fund account that ears a market interest rate of 10% per year, calculate how much the fund will be worth after the 15 years in actual dollars and in real dollars Inflation is expected to average 6% per year over that period.
In real dollar A. $3,256,990 B. $1,906,350 C. $795,450 D. $1,181,400
In actual dollars A. $3,256,990 B. $795,450 C. $1,506,350 D. $1,181,400
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