# Fall07:Jan plans to invest an equal amount of $2,000 in an equity fund every year-end beginning this

Fall07:Jan plans

to invest an equal amount of $2,000 in an equity fund every year-end beginning

this year. The expected annual return on the fund is 15 percent. She plans to

invest for 20 years. How much could she expect to have at the end of 20 years?

A. $237,620

B. $176,424

C. $204,887

D. $178,424

Level of difficulty: Difficult