Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 27, 2024

If you put $300 into a mutual fund today, and it earns 22 percent per year, how much will you have in the mutual fund

If you put $300 into a mutual fund today, and it earns 22 percent per year, how much will you have in the mutual fund in 50 years? A. $6.238.968 B. $3.122.894 C$1.008.922 D. $788.412 E $646.077 4 pts

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

Financial statements

Authors: Stephen Barrad

5th Edition

978-007802531, 9780324186383, 032418638X

More Books

Students also viewed these Finance questions

Question

★★★★★

NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $50 and has variable costs of $35. Model B22 sells for $100 and has variable costs of $70. Model C124 sells...

Answered: 1 week ago

Question

★★★★★

Python please Problem1: Diamond-Printing Program using Recursion Write a program that prints the following diamond shape corresponding to the input value using recursion. Problem2: Diamond-Printing...

Answered: 1 week ago

Question

★★★★★

1. Give three examples of important tradeoffs that you face in your life.

Answered: 1 week ago

Question

★★★★★

Refer to the Simon Company information in Exercises 17-7 and 17-9. Compare the companys long- term risk and capital structure positions at the end of 2014 and 2013 by computing these ratios: In...

Answered: 1 week ago

Question

★★★★★

If you put $300 into a mutual fund today, and it earns 22 percent per year, how much will you have in the mutual fund in 50 years? A. $6.238.968 B. $3.122.894 C$1.008.922 D. $788.412 E $646.077 4 pts

Answered: 1 week ago

Question

★★★★★

Fidelak Corp. has a mine ( non - oil / gas ) expected to produce 2 , 8 0 0 units. Fidelak paid $ 1 4 0 , 0 0 0 for the mine. This year Fidelak will obtain 1 0 0 units from the mine. The applicable...

Answered: 1 week ago

Question

★★★★★

You are trying to learn whether a training program leads to higher post training wage rates. You compare the average wage rates for workers who went to training to the average wage rates for workers...

Answered: 1 week ago

Question

★★★★★

Cynthia uses hours to determine her internet use. Over a 4 week period in September, she used her internet for a total of 7 7 6 hours, of which 2 2 3 hours were used for work purposes. Her internet...

Answered: 1 week ago

Question

★★★★★

Gigabytes Computers, Inc, manufactures two styles of computer keyboards, the multimedia Keyboard and the Comfort Type keyboard. The company uses activity based costing to allocat overhead costs to...

Answered: 1 week ago

Question

★★★★★

Evelyn monitors the number of influenza infections reported in a city in a given week The recent numbers are shown in this table: Week Number of People 0 16 1 32 2 64 3 128 The reported infections...

Answered: 1 week ago

Question

★★★★★

Scenario: Generally, we have considered sexual harassment actions or verbal abuse of women to be done by men. Over the past several decades, the culture of society has evolved. The diversity of sex...

Answered: 1 week ago

Question

★★★★★

6. The socially optimal price (P = MC) is socially optimal because: LO12.7 a. It reduces the monopolists profit. b. It yields a normal profit. c. It minimizes ATC. d. It achieves allocative...

Answered: 1 week ago

Question

★★★★★

6. Assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the sales of a text. Will the author and the publisher want to charge the same price for the text?...

Answered: 1 week ago

Question

★★★★★

9. It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices and then government should tax their profits away and distribute them to...

Answered: 1 week ago

Previous Question Next Question