FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you invest $1000 into a mutual fund that is expected to earn a rate of return of 11%. The amount of money will you

image text in transcribed
Suppose you invest $1000 into a mutual fund that is expected to earn a rate of return of 11%. The amount of money will you have in ten years is closest to which of the following? What is the amount you will have in 50 years? Feel free to use the mathematical formula or Excel. Please note that in the exam you might be asked to solve such questions with only one method (e.g.. mathematical formula). $163,974 $184,545 $199,145 $174.962

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

The Essentials Of Machine Learning In Finance And Accounting

The Essentials Of Machine Learning In Finance And Accounting

Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin

1st Edition

0367480816, 978-0367480813

More Books

Students also viewed these Finance questions

Question

★★★★★
How is the separation of ownership from control related to the principal-agent problem?

Answered: 1 week ago

Question

★★★★★
Mafor Com. is considering the purchase of a new piece of equlpment. The cost sarvings from the equigment would result in an an inual increase in cash flow of $114,000. The equipment will have an...

Answered: 1 week ago

Question

★★★★★
3. Identify a sustainability strategy at a company where you are a consumer. Does green marketing appeal to you? Does this depend upon your assessment of the companys actual versus advertised...

Answered: 1 week ago

Question

★★★★★
During the month, Lathers Co. received $400,000 in cash and paid out $290,000 in cash. (a) Do the data indicate that Lathers Co. had net income of $110,000 during the month? Explain. (b) If the...

Answered: 1 week ago

Question

★★★★★
Suppose you invest $1000 into a mutual fund that is expected to earn a rate of return of 11%. The amount of money will you have in ten years is closest to which of the following? What is the amount...

Answered: 1 week ago

Question

★★★★★
Indicate the note names below the grand staff.

Answered: 1 week ago

Question

★★★★★
1. Local pizza stores in the Towson, Maryland area to create a list of direct competitors. 2. Research the following using the Statista database: Is the industry emerging or mature? Is the business...

Answered: 1 week ago

Question

★★★★★
Max worked a job that paid time and a half for the first 15 hours beyond 40 hours and double time for any hours above that. During tax season, Max took home a $981.25 check after working 58 hours....

Answered: 1 week ago

Question

★★★★★
why answer for queston d is wrong explain and evalute Find the volumes of the solids whose bases are bounded by the circle x2 + y2 = 25, with the indicated cross sections taken perpendicular to the...

Answered: 1 week ago

Question

★★★★★
Timeboxing requires managing tasks as they executed and taking advantage of the advances where possible. We call this "riding the wave" of tasks to get to done. Controlling work requires active...

Answered: 1 week ago

Question

★★★★★
PR 18-4B Manufacturing income statement, statement of cost of goods manufactured Several items are omitted from the income statement and cost of goods manufactured statement data for two different...

Answered: 1 week ago

Previous Question Next Question