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9. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.046. MY NOTES PRACTICE ANOTHER The following table shows the average returns for some of the largest mutual

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9. [0/2 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.046. 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 PIMCO Vanguard Fund Growth Vanguard 500 Index Total Bond Total Return Company Market Index Rate of Return 15.83% 14.25% 3.77% 2.67% Type Stock fund Stock fund Bond fund Bond fund How much would be accumulated after 25 years in a retirement account invested entirely in the Vanguard stock fund with payments of $340 per month? HINT [See Quick Example 1.] (Round your answer to the nearest cent.) $ 14484 96 X Need Help? Read It

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