## Fall07:Problem 26, Calculate how much better off Gilda would be if she invested $20,000 in this

Your investment

research has turned up an interesting mutual fund. It has had an average annual

return 0.5 percent greater than the one Gildas friend recommended (see Problem

26). For each time period from Problem 26, Calculate how much better off Gilda would

be if she invested $20,000 in this mutual fund.

Topic: Compound

Interest

Level of difficulty: Medium