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The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. ( Assume end - of -
The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans.
Assume endofmonth deposits and withdrawals and monthly compounding, and assume that the quoted rate of return
continues indefinitely.
How much would be accumulated after years in a retirement account invested entirely in the Vanguard stock fund with
payments of $ per month? HINT See Quick Example Round your answer to the nearest cent.
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