If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7 percent, what will be the value of this investment: a. Five years from now? b....

If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7 percent, what will be the value of this investment:

a. Five years from now?

b. Ten years from now?

c. Fifteen years from now?

d. Twenty years from now?

If a nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will be the value of this investment:

a. Three years from now?

b. Six years from now?

c. Nine years from now?

d. Twelve years from now?