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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 end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.)
Mutual
Fund Fidelity
Growth
Company Vanguard
500 Index PIMCO
Total Return Vanguard
Total Bond
Market Index
Type Stock fund Stock fund Bond fund Bond fund
Rate of
Return 30.31%17.98%3.63%3.10%
How much would be accumulated after 25 years in a retirement account invested entirely in the Vanguard 500 stock fund with payments of $360 per month? HINT [See Quick Example 1.](Round your answer to the nearest cent.)

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