Pascal has just agreed with his financial planner to begin a voluntary accumulation plan. He will invest $500 at the end of every three months in a balanced mutual fund. How much will the plan be worth after 20 years if the mutual fund earns:
a) 8% compounded quarterly? b) 10% compounded quarterly?

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The Answer of Pascal has just agreed with his financial planner to begin a voluntary accumulation plan. He will invest $500 at the end of every three months in a balanced mutual fund. How much will the plan be worth after 20 years if the mutual fund earns:
a) 8% compounded quarterly? b) 10% compounded quarterly?

Pascal Has Just Agreed with His Financial Planner to Begin