Lee put $10,000 into a stock market index mutual fund that grew at an average of 6.5%

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Lee put $10,000 into a stock market index mutual fund that grew at an average of 6.5% per year for 10 years. Without any added deposits or withdrawals, about how much is in Lee's mutual fund account after 8 years, if you ignore compounding?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Feb 16, 2023 01:01 AM

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Lee put $10,000 into a stock market index mutual fund that grew at an average of 6.5%

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Personal Finance Turning Money into Wealth

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