Suppose you invested $30,000 for 6 years in a fund earning 11% per year. Investment $30,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose you invested $30,000 for 6 years in a fund earning 11% per year. Investment $30,000 Front Load Back Load Years 5% 5% 6 What is the future value of the investment if the fund has a front-end load of 5%? The future value would be $ Round your answers to 2 decimal places. M What is the future value of the investment if the fund has a back-end load of 5%? The future value would be $ Round your answers to 2 decimal places. Suppose you invested $30,000 for 6 years in a fund earning 11% per year. Investment $30,000 Front Load Back Load Years 5% 5% 6 What is the future value of the investment if the fund has a front-end load of 5%? The future value would be $ Round your answers to 2 decimal places. M What is the future value of the investment if the fund has a back-end load of 5%? The future value would be $ Round your answers to 2 decimal places.
Expert Answer:
Answer rating: 100% (QA)
To calculate the future value of the investment we need to consider the effect of the frontend load ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0133025071
2nd canadian edition
Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper
Posted Date:
Students also viewed these finance questions
-
Leveraging. Consider an asset with return time series over T periods given by the T- vector r. This asset has mean ret urn u and risk o, which we assume is positive. We also consider cash as an...
-
A coal has 10% moisture, 39% volatile matter and 41% ash. Calculate % volatile matter and % fixed carbon on (dry, mineral-matter free) dmmf basis and determine the ASTM Group to which the coal...
-
Read the following and give your response: Bill and Tom are partners and live in Hawaii. Bill works for Hawaii Food Service, Inc., which provides food to the major airlines flying into Hawaii. Bill...
-
Why do countries respond differently in terms of flexibility and worklife balance to what seem similar economic pressures?
-
A 45-kg motor is bolted to a light horizontal beam which has a static deflection of 6 mm due to the weight of the motor. The unbalance of the motor is equivalent to a mass of 110 g located 75 mm from...
-
The common-emitter current gain of the transistor in Figure P5.43 is \(\beta=80\). Plot the voltage transfer characteristics over the range \(0 \leq V_{I} \leq 5 \mathrm{~V}\). RB = 180 k Vo ww...
-
The adjusting entries for the following adjustments were omitted at year-end: a. Prepaid rent expired, $2,500. b. Depreciation, $1,000. c. Employee salaries owed for Monday through Wednesday of a...
-
Full Disclosure Principle Presented below are a number of facts related to Weller, Inc. Assume that no mention of these facts was made in the financial statements and the related notes. Instructions...
-
3. Heal Sdn Bhd Heal Sdn Bhd, a limited liability company, manufactures various heating products which it sells to both High Street and catalogue retailers. The statement of financial position for...
-
Which bond in Exhibit 1 most likely has the lowest effective convexity? A. AI bond B. BI bond C. CE bond Jules Bianchi is a bond analyst for Maneval Investments, Inc. Bianchi gathers data on three...
-
Let P, Q be two points on the sphere of radius 1, centered at the origin. Let L(t)=P+t(Q-P), with 0 t 1. If there exists a value of t in [0, 1] such that L(t) = 0, show that t=1, and that P = -Q. Let...
-
What is the importance of third law of thermodynamics?
-
List the characteristics of special purpose machine tools.
-
Define a machine tool.
-
What are the function performed by a machine tool?
-
What are the characteristics of general purpose machine tools ?
-
What is data redundancy ? And think of older/traditional file system and Modern Database Management sytems. Compare how and which characteristics of old fashion file system can lead to have data...
-
Suppose that you could invest in the following projects but have only $30,000 to invest. How would you make your decision and which projects would you invest in? Project Cost $ 8,000 11,000 9,000...
-
CVP analysis Alvarez Garcia grew up always working with his father in a woodshop in their back yard. It was no surprise to the family when Alvarez decided to pursue carpentry as a career. When he was...
-
The Bolognese Corporation is in the process of setting price standards for its direct materials. Polymer clay is used in one product. The polymer clay is purchased for $14 per kilogram. The Bolognese...
-
Maplewood Equestrian Centre is evaluating investing in solar panels to provide some of the electrical needs of the stables. The solar panel project would cost $540,000 and would provide cost savings...
-
Consider the binary variable version of the fixed effects model in Equation (10.11) except with an additional regressor, \(D 1_{i}\); that is, let \[ Y_{i t}=\beta_{0}+\beta_{1} X_{i t}+\gamma_{1} D...
-
Using the regression in Equation (10.11), what are the slope and intercept for a. Entity 1 in time period 1? b. Entity 1 in time period 3? c. Entity 3 in time period 1? d. Entity 3 in time period 3?...
-
Do the fixed effects regression assumptions in Key Concept 10.3 imply that \(\operatorname{cov}\left(\widetilde{v}_{i t}, \widetilde{v}_{i s} ight)=0\) for \(t eq s\) in Equation (10.28)? Explain....
Study smarter with the SolutionInn App