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Homework answers / question archive / Owen has the opportunity to invest $24,000 with an APR of 15
Owen has the opportunity to invest $24,000 with an APR of 15.5% in a mutual fund. There are two mutual funds he can choose from. Option A: is a 15-year fund that compounds quarterly. Option B: is a 20-year fund that compounds monthly. What is the future value of the mutual fund if he chooses option A? Round to the nearest cent.