You have just invested a one-time amount of $5,000 in a stock-based mutual fund. This fund should

Question:

You have just invested a one-time amount of $5,000 in a stock-based mutual fund. This fund should earn (on average) 9% per year over a long period of time. How much will your investment be worth in 35 years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

See More Books

Question Posted: Dec 03, 2018 12:25 PM

See More Questions

You have just invested $60,000 in a bank account that guarantees to pay you 6 percent interest, compounded annually. At the end of 5 years, how much money will have accumulated in your investment...
You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below. Calculate the beta of the portfolio and use the capital...
You have just completed a $20,000 feasibility study for a new coffee shop in some retail space you own. You bought the space two years ago for $100,000, but if you sold it today, you would net...
A project is proposed to design a database for shops selling dairy products. Each shop has a unique ID, name, address and owner. Different shops could be owned by the same owner. Each shop sells...
1. What was the five-firm concentration ratio in the broadband industry? 2. What would be the revised HHI value if the top dozen firms decided to conduct a horizontal merger and offer a single "Top...
Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, 8,100 coffee makers were completed at a cost of goods manufactured of $607,500. Suppose...
Eighteen plots of land in Indiana were given different applications of nitrogen. In each case, the previous crop had been soybeans and all other factors were roughly comparable. Use the 18...
Assume a Gold Medal Sports outlet store began August 2012 with 44 pairs of running shoes that cost the store $33 each. The sale price of these shoes was $61. During August, the store completed these...
Use integration by substitution to find the indefinite integral in part (a) and to evaluate (to 2 d.p.) the definite integral in part (b). In part (b), you may use the approximation e 2.71828 in the...
A university found that 20% of its students withdraw without completing the introductory statistics course. Assume that 20 students registered for the course. a. Compute the probability that 2 or...
A 12-cylinder heavy-duty diesel engine will have a guaranteed residual value of $1,000 in 5 years. Today (year 0) the equivalent worth of this engine is how much if the interest rate is 9% per year?
Suppose you contribute $10 per week ($520 per year) into an interest-bearing account that earns 6% a year (compounded once per year). Thats probably one less pizza per week! But if you contribute...
The plan of a group pile is shown in Figure P12.34. Assume that the piles are embedded in a saturated homogeneous clay having a c u = 90 kN/m 2 . Given: diameter of piles (D) = 316 mm,...
An underwriter for the Habersham Insurance Company is evaluating applications for cash value life insurance policies from the following two individuals: When Creighton Madden applied for a policy, he...
A recently married couple hopes to be first-time home buyers in 4 years. Based on their desired neighborhood they estimate they will need $22,000 for a down payment. How much money does the couple...
In a manufacturing firm, units to be produced are calculated as budgeted sales + desired Blank______. Multiple choice question. work-in-process ending inventory expected beginning work-in-process...
Evaluate the expression, given functions fand h: f(x) = 3x-1, h(x) = -2x + 3x-1. (3)-- h(-2)
Midterm Project: For now, take revenues as fixed. You may not alter the amount of money you have to spend. Assume that you have the exact same amount of money this year, as you did last year...
For M-ary PSK, the transmitted signal is of the form s i (t) = A cos(2t + i / 2), i = 0, 1, 2, 3, for 0 t 1 s i (t) = A cos[4t + (i - 4) / 2], i = 4, 5, 6, 7, for 0 t 1 (a) Find a set of basis...
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
Refer to the situation in Problem 6-16. 2LL Most motors are operated at a fraction of their rated capacity (i.e., full load) in industrial applications. Suppose the average usage (load factor) of the...
A solar energy research center requires specialized research equipment. For this purpose, four pieces of equipment and their associated cash flows (listed below) are under consideration. One piece of...
Two mutually exclusive diesel generators are considered for purchase by a power generation company. Information relevant to compare the alternatives is summarized below: Use the IRR method to...
The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the...
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
A simply supported girder bridge is to support vehicular loads. It is anticipated that the worst load will come from a three-axle truck shown in Figure I below. Assuming the self-weight of the girder...

You have just invested a one-time amount of $5,000 in a stock-based mutual fund. This fund should

Question:

Step by Step Answer:

The compounded future a...View the full answer

Engineering Economy

Students also viewed these Business questions