Bart is a college student who has never invested his funds He has saved $ 1,000 and has decided to invest it in a money market fund with an expected return of 2 0 Bart will need the money in one year The MMF imposes fees that will cost Bart $ 20 at the time he withdraws his funds How much money wil...

In one year Bart will have 1020 before comm ...

Bart is a college student who has never invested his funds. He has saved $ 1,000 and

Question:

Bart is a college student who has never invested his funds. He has saved $ 1,000 and has decided to invest it in a money market fund with an of 2.0%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $ 20 at the time he withdraws his funds. How much money will Bart have in one year as a result of this investment?
Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...