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Suppose that you inherit $ 1 0 0 , 0 0 0 and invest it until you retire 3 0 years from now, in a
Suppose that you inherit $ and invest it until you retire years from now, in a fund that averages annual earnings, which you reinvest. Round your answers to the nearest cent.
a How much will you have at the end of the years?
$
b Managers of investment funds usually charge a percentage each year of the amount invested even if the investments lose moneyl Suppose that the investment fund management charges you so you earn instead of How much will you have at the end of the years?
$
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