When you were four years old, your aunt opened a mutual fund in your name and...

 

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When you were four years old, your aunt opened a mutual fund in your name and deposited $100,000 into the account. The account has earned an average annual rate of return of 6.2 percent. Today, the account is valued at $849,358.40. How old are you? When you were four years old, your aunt opened a mutual fund in your name and deposited $100,000 into the account. The account has earned an average annual rate of return of 6.2 percent. Today, the account is valued at $849,358.40. How old are you?

Answer rating: 100% (QA)

To determine your current age we can use the information provided about the mutual fund The fund ... View the full answer