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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Invested at 10 fees taken at the end of the year the NAV at the end of 10 ye...View the full answer
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Related Book For
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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