You deposited $1000 in a mutual fund each year for the past seven years.Your account balance is

Fantastic news! We've Found the answer you've been seeking!

Question:

You deposited $1000 in a mutual fund each year for the past seven years.Your account balance is $9,000.What annual rate return did you realize?Answer in percent and round to one hundredth of a percent.

Posted Date: Jun 06, 2024 04:10 PM

See More Questions

Xr04-83 Repeat Exercise 4.81 for the NFL.
Trapper Joe, the fur trader, has found that his production function in acquiring pelts is given by: q = 2 H Where q = the number of pelts acquired in a day, and H = the number of hours Joes employees...
Please briefly explain how you calculate it. The following table shows a money supply M2++ in billions of dollars, a real GDP in billions of dollars of 201 2 and a GDP deflator base 100 = 2012 in...
Read the CBC news report regarding SNC Lavalin Construction (SNC-Lavalin pleads guilty to fraud for past work in Libya, will pay $280M fine) and answer the following 3 questions: 1. Why is a Canadian...
What role do cultural artifacts, rituals, and ceremonies play in the construction and maintenance of organizational identity, and how do they shape employee perceptions, attitudes, and behaviors ?
Compute breakeven sales: revenue $650,000 $50 Variable expenses 227,500 17.50 Contribution margin 422,500 $32.50 Fixed expenses 289,250 Operating income $ 133,250 What is Wildhorses margin of...
Golden Gate University (GGU or Golden Gate) was founded in 1901. It is a private non-profit higher education institution, located in the heart of San Francisco, California. GGU offers professional...
It is debatable whether rules-based standards or principles-based standards are more susceptible to earnings management techniques. Briefly discuss how earnings management techniques are available...
1. What are the two [ three , four, five ] most significant central, useful, meaningful, surprising, disturbing ] things you have learned so far this term in regard to labor management relations? 2 ....
Last year, Rec Room Sports reported earnings per share of $9.00 when its stock price was $270.00. This year, its earnings increased by 25 percent. If the P/E ratio remains constant, what is likely to...
Contact your state National Guard office. Find out what kinds of resources they can offer to assist local communities in the event of a disaster and what kind of training and exercises they conduct...
Who plays the largest role in providing the technical and financial support for recovery?
What is a Disaster Recovery Center?

You deposited $1000 in a mutual fund each year for the past seven years.Your account balance is

Question:

Expert Answer:

Students also viewed these finance questions