Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 02, 2024

If Sonia invested $ 8 9 , 0 0 0 in a good mutual fund that pays an average return of 1 0 % what

If Sonia invested $

89, 000

in a good mutual fund that pays an average return of

10 %

what will be the investment worth in ten years from now

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capital Markets Institutions Instruments And Risk Management

Authors: Frank J. Fabozzi

5th Edition

0262029480, 9780262029483

More Books

Students also viewed these Finance questions

Question

★★★★★

A sample consisting of2.00 mol of diatomic perfect gas molecules at 250 K is compressed reversibly and adiabatically until its temperature reaches 300 K. Given that CV,m = 27.5 J K-I mol-1, calculate...

Answered: 1 week ago

Question

★★★★★

1.56 Afghanistan Support Stabilizes The following table is based on the EKOS Research Associates survey from September 2005 to October 2006, which asked the question: "Right now, the Canadian Forces...

Answered: 1 week ago

Question

★★★★★

Affordable Trailer Rental rents small trailers by the day for local moving jobs. This is its adjusted trial balance at the end of the current fiscal year: Required 1. From the information given,...

Answered: 1 week ago

Question

★★★★★

8-42 Olga is the proprietor of a small business. In 2017, the businesss income, before consideration of any cost recovery or 179 deduction, is $250,000. Olga spends $610,000 on new 7-year class...

Answered: 1 week ago

Question

★★★★★

WeBWork : math 1210spring2023 x Course Hero X + O X - C G Microecon Ch 15 FI... M Gmail YouTube Maps LIVEDWORK MAA MATHEMATICAL ASSOCIATION OF AMERICA

Answered: 1 week ago

Question

★★★★★

Prove that the more inelastic demand and supply conditions are in a foreign country, the greater the ability of a country that is large in world markets to impose an optimal tariff. Use this result...

Answered: 1 week ago

Question

★★★★★

For the circuit shown in Figure P32.38, what must the frequency $f$ of the $\mathrm{AC}$ source be in order for the amplitude $V_{C}$ of the potential difference across the capacitor to equal...

Answered: 1 week ago

Question

★★★★★

Compute the point estimates b0 and b1. Exercises 610 refer to the following data set: x 25 13 16 19 29 19 16 30 y 40 20 33 30 50 37 34 37

Answered: 1 week ago

Question

★★★★★

Suppose a distributor faces an annual demand for a car horn for small cars that is normally distributed with a mean of 2300 items and a standard deviation of 300. The cost of placing an order is $150...

Answered: 1 week ago

Question

★★★★★

Air flows with negligible friction through a $10-\mathrm{cm}$-diameter duct at a rate of $2.3 \mathrm{~kg} / \mathrm{s}$. The temperature and pressure at the inlet are $T_{1}=450 \mathrm{~K}$...

Answered: 1 week ago

Question

★★★★★

Describe forecasting requirements.

Answered: 1 week ago

Question

★★★★★

Explain the Uniform Guidelines related to sexual harassment, national origin, religion, and caregiver (family responsibility) discrimination.

Answered: 1 week ago

Question

★★★★★

Describe the types of information required for job analysis and the reasons for conducting it.

Answered: 1 week ago

Previous Question Next Question