Question 26 ~ 30

All of the following are advantages of owning a mutual fund, except: A. mutual funds are designed for sophisticated investors seeking short-term capital gains only. B. mutual funds simplify the process of record keeping because the mutual fund company will send you a statement on a regular basis. C. your investments reflect the decisions of experienced professionals who have access to the best research available. D. you can invest in a broadly diversified portfolio with a small initial investment. will make no additional deposits to her savings account? (N) It will take Sandra years to make her savings account to increase to $4,700. (Use the TI BA II Plus financial calculator and enter your answer rounded to two decimal places.) Which of the following is true regarding conventional mortgages? A. They are a form of closed mortgage. B. They require a down payment of at least twenty - five percent. C. They receive more favourable interest rates for the buyer. D. They require a down payment of at least twenty percent. When estimating the future value of a set of annual investments, the amount of funds available to you at retirement will be A. larger, the larger the amount of money saved before age 50 . B. larger, the larger the amount of money saved now. C. larger, the smaller the annual return on wages. D. smaller, the larger the amount of money saved now. A. 65 B. 60 C. 55 D. 71