Suppose you invest $500 in a stock mutual fund at the end of each month. When...
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Suppose you invest $500 in a stock mutual fund at the end of each month. When you retire at the end of your 35-year career, your account is worth $4,000,000. What annual rate of return did you earn over the 35 years? a) 15.62% b) 24.13% c) 6.73% d) 12.81% e) no solution exists Suppose you invest $500 in a stock mutual fund at the end of each month. When you retire at the end of your 35-year career, your account is worth $4,000,000. What annual rate of return did you earn over the 35 years? a) 15.62% b) 24.13% c) 6.73% d) 12.81% e) no solution exists
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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