Owen has the opportunity to invest $24,000 with an APR of 15

Statistics Mar 06, 2023

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.