1.Suppose a relative put aside $1,000 for your education and other future expenses in mid-2006.If they placed these funds in the Blue Chip Growth Fund, what would it be worth as ofMay 31, 2016?

2.Suppose a relative put aside $1,000 for your education and other future expenses in mid-2006.If they placed it in a fund that mimicked the returns to the S&P500 Index, how much would it be worth as of May 31, 2016?

Answer rating: 100% (QA)

To answer both questions we need to consider the growth of the investments over the specified time p... View the full answer