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Sharon convinces Dante that because school is both very expensive and very important, they should consider an investment account with a higher rate of return.
Sharon convinces Dante that because school is both very expensive and very important, they should consider an investment account with a higher rate of return. They explored their options and have selected a very conservative index mutual fund that has a performed with a return of 6.5%, compounded monthly. How much will they have saved by their child's 18th birthday with this higher rate of return? [Blank-1] How much interest will be earned? [Blank-2] Blank \# 1 A Blank \# 2 A
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