If you invested $10,000 in an index fund that matched the market return of 10 percent per

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If you invested $10,000 in an index fund that matched the market return of 10 percent per year for ten years, and levied a 0.25 percent management fee and no other fees, how much would you have at the end of the ten years (assuming no taxes, all income was reinvested, and that all fund charges were levied at the end of each year)?

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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