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Time Value of Money Part 1: The Vanguard 500 (ticker: VFINX) is an index mutual fund that invests in the Standard & Poor's 500 (500
Time Value of Money Part 1: The Vanguard 500 (ticker: VFINX) is an index mutual fund that invests in the Standard & Poor's 500 (500 largest US public companies). On June 19, 2020 a share in this fund cost $287.20. Ten years ago, this same fund's share price was $99.60. Calculate the annual compounded return on this fund over that 10 year period. Part 2: Assuming the average annual compounded return you calculated above for the last 10 years, estimate what the Vanguard 500 share price will be 10 years in the future (June, 2030). Part 3: Do you think this future value is realistic or not? Why? Do you think this would be a reasonable personal investment to make, yes or no, and why? In terms of investing for the future, what other issues or considerations do you think are relevant
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