You place $1000 in a mutual fund. The first year, the value of the fund increases by
Question:
You place $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%. Determine the value of the fund at the end of the second year. Is it greater than, less than, or equal to your initial investment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Value after first year 1000 010...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
Students also viewed these Mathematics questions
-
You buy 100 shares in a mutual fund at its net asset value of $10. The fund charges a load fee of 5.5 percent. During the year, the mutual fund distributes $0.75 in dividends. You redeem the shares...
-
You are interested in investing in a mutual fund that charges a front-end load of 5 percent. If the length of your investment is one year, would you invest in this fund? Suppose the length of your...
-
You invest $150 in a mutual fund today that pays 9 percent interest annually. How long will it take to double your money?
-
A small, 2-ha, mostly impervious urban catchment has an average slope of 1.5% and the following average. Horton infiltration parameters: f0 = 4 mm/hr, fc = 1 mm/hr, k = 2.2 hr-1. (Infiltration occurs...
-
Wash O'Well, a leading detergent company in Canada, is unable to explain the reason why its new zeolite-based detergent has not captured the anticipated market share since its launch in Minneapolis,...
-
In Problem use a sign chart to solve each inequality. Express answers in inequality and interval notation. ? + 5 > 0 3
-
When small particles of diameter \(d\) are transported by a moving fluid having a velocity \(V\), they settle to the ground at some distance \(\ell\) after starting from a height \(h\) as shown in...
-
The stockholders equity accounts of Holt Inc., at January 1, 2014, are as follows. Preferred Stock, $100 par, 7% .............. $600,000 Common Stock , $10 par ...............900,000 Paid-in Capital...
-
The information for Bland Media Company at the end of the fiscal year, June 30, 20X8 are listed in this spreadsheet . Additional information: Capital were $145000 at May 1, 20X7, additional capital...
-
Assume that the network in Figure 20.34 (previous problem) uses distancevector routing with the forwarding table as shown for each node. If each node periodically announces their vectors to the...
-
The graph below shows the annual membership fees for Crackle Fitness for the years 20152019. a) Assuming this trend continues, use the graph to predict the annual membership fee for the year 2020. b)...
-
Ivana is flying out of Los Angeles International Airport (LAX) for business. She can park her car in long-term parking at LAX for $30 per day, or she can park her car at an off-site location, Park N...
-
Why are in-person conversations considered a rich medium?
-
Who conducted several experiments on Hawthorne Plant workers? Peter F. Drucker Elton Mayo Henry Gantt Max Weber
-
Which approach explores the optimal ways of doing things where the performance of one subunit is reliant on its surroundings? Contingency approach Quantitative approach Operational approach ...
-
Planning is an approach which helps us decide on the path to achieve the set of objectives an individual, an organization, or a group of people have. True False
-
Describe your experience where you have developed a good rapport with your peers and supervisors.
-
Executive methods, market research, and the Delphi method are examples of Quantitative method of forecasting Qualitative method of forecasting Benchmarking None of the above
-
Under what conditions can an executor or trustee elect to claim a marital deduction for a transfer of a terminable interest to a spouse?
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
All sweet things taste good. All things that taste good are fattening. All things that are fattening put on pounds. All sweet things put on pounds. Use an Euler diagram to determine whether the...
-
Represent each circuit with a symbolic statement. Then use a truth table to determine if the circuits are equivalent.
-
It is false that Taylor Swift is a country singer and Wiz Khalifa sings opera. Use De Morgans laws to write an equivalent statement for the given sentence. Taylor Swift
-
Discuss the cultural differences between China and the United States. What would be the biggest adjustments I might need to make if working there as an expatriate? What are the most...
-
In her Ted talk, Kristi Rogers talks about the future of advertising and why it's crucial for ads to be relevant. She points out that even though we have lots of data and technology for digital ads,...
-
Consider ways in which an employer can make an employee feel like part of the team and/or empower them to act. More specifically, please respond to the following questions: How can an employer work...
Study smarter with the SolutionInn App