Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 29, 2024

Suppose you invest $24741 into a mutual fund that is expected to earn a rate of return of 11.58%. How much money will you have

Suppose you invest $24741 into a mutual fund that is expected to earn a rate of return of 11.58%. How much money will you have in 23 years? NOTE: Submit your answers with 4 decimals after the dot.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+15.5. 1 Show that for positive e there exists a finite partition (A,) such that, if (B;) is any finer partition and w, E B ;, then Ifdu - [(w ) H ( B ) Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Pineapple Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through two production departments, Assembly and Testing. Presently, the...

Answered: 1 week ago

Question

★★★★★

Samson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 1515 units at $ 90$90 March 10 Sold 1212 units June 10 Purchased 4545 units at $ 96$96 October 30...

Answered: 1 week ago

Question

★★★★★

1. Write the ARM instructions to achieve the following: a. r0 = 22 r1 = r0 b. if (r0 1. r2 = 1 Write the ARM instructions to achieve the following: a. b. c. d. ro = 22 rl = ro if (ro Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Riding a bicycle at a constant speed requires the rider to provide enough constant force to the pedals to overcome the resistance forces. To make this problem easier to calculate, assume that there...

Answered: 1 week ago

Question

★★★★★

7. Question 7 Refer to Step 3.3. In the "Unconstrained " or "Short Selling " version of the optimal risky portfolio, what is the portfolio mean ? Write your answer as a percentage ,with no percentage...

Answered: 1 week ago

Question

★★★★★

In a case analysis, if a coffee company, who is trying to expand in China faces the primary problem of coming up with the best plan to catch up to competitors that currently have locations throughout...

Answered: 1 week ago

Question

★★★★★

List three logical fallacies. Explain why they are fallacies, and give examples of fallacious statements regarding moral problems.

Answered: 1 week ago

Question

★★★★★

A study was made of 500 children who were hospitalized as a result of motor vehicle crashes. Among 310 children who were not using seat belts, 70 were injured severely. Among 190 children using seat...

Answered: 1 week ago

Previous Question Next Question