10. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.048. MY NOTES PRACTICE ANOTHER The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. ( Assume end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.) Mutual Fidelity Vanguard Growth Vanguard PIMCO 500 Index Total Bond Fund Company Total Return Market Index Rate of 14.83% Return 13.25% 2.77% 2.67% Type Stock fund Stock fund Bond fund Bond fund For the past 25 years you have been depositing $500 per month in the Vanguard bond fund, and you have now transferred your current balance to the PIMCO bond fund, where you plan to continue depositing $500 per month until you retire in 30 years. How much can you anticipate having in the investment when you retire? HINT [See Example 1.] (Round your answer to the nearest cent.) $ 555676 98 X Need Help? Read It