Question
Your boss at work just gave you a $500 bonus for being an excellent employee. The McCormack effect is real, gang. You want to put
Your boss at work just gave you a $500 bonus for being an excellent employee. The McCormack effect is real, gang.
You want to put this money to work for you, so you invest it in an index fund with Vanguard that is projected to earn about 8% per year on average. Assuming that rate of return holds steady, what will you have in a decade? Round to the nearest dollar.
| A. | $540 | |
| B. | $1079 | |
| C. | $500 | |
| D. | $232 |
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
