You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned 10% return, compounded monthly. The fund is no-load fund. What is the value of the investment after 2 years? O $31,234.55 O $28,999.43 O $29,899.58 $30,509.77 You plan to sell mutual fund XYZ after holding it for 2 years. You purchased 1,000 shares at $25 and earned 10% return, compounded monthly. The fund is no-load fund. What is the value of the investment after 2 years? O $31,234.55 O $28,999.43 O $29,899.58 $30,509.77
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
client with celiac disease asks for a nutrition plan, what should the trainer recommend? Refer to a dietician 3-day food log to prescribe meal plan A templated meal plan Give a breakdown of...
-
What information (explicit and implicit) can be derived from financial statement analysis? Does the standardization required by GAAP add greater validity to comparisons of financial data between...
-
Sale of investments $ 6,000 Cash collections from customers 16,000 Cash purchase of used equipment 5,000 Depreciation expense 2,000 Compute cash flows from investing activities using the above...
-
On April 1, Topeka Brake Mfg. purchased new production scheduling software for \(\$ 480,000\). On May 15 , a representative of a computerized manufacturing technology company demonstrated new...
-
Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Total Asset Turnover Ratio as a Financial Analyst Massa Company, which has been operating for three years, provides...
-
Assume you invest in a machine worth $102,872. The machine is classified by the IRS as an asset with a 4 year life, with depreciation percentages for each year, from 1 to 4, as follows: 33%, 45%,...
-
Briefly discuss why security is important in any automation system, along with how risks can be mitigated ?
-
For the class project, apply the MoSCow prioritisation technique to the requirements you have identified at the initiation stage of the project. What does this tell you about the requirements that...
-
(a) Break into small groups and identify at least two real-life examples of projects in which: (i) The scope and technology are well known. (ii) The scope is well known, but the technology is less...
-
A thin lens is made of material that has an index of refraction of 1. 50 . When an object \(10 \mathrm{~mm}\) tall is placed \(500 \mathrm{~mm}\) away from the lens, an upright image \(21.5...
-
For the class project (or a project of your choosing), consider how the Scrum approach would be applicable (or not) to the project. Create a list of eight points as to why you believe Scrum 'would'...
-
Consider the Scrum roles and identify who would take on these roles if your project was to be managed with the Scrum approach. Comment on whether they have the correct skills to take on the role you...
-
II. At the equilibrium level of GDP what is: A. 1840 13. The sum of leakages? -2840 D. 2840 14. The sum of injections? 1840 D. 2840 15. What is the level of Iu? 400 D. 0 16. The state of the economy?...
-
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
-
Calculate and Use Overhead Rate Bagley Corporation expects to incur \($450,000\) of factory over- head and \($600,000\) of general and administrative costs next year. Direct labor costs at \($20\)...
-
Applied vs. Actual Manufacturing Overhead Kubal Inc. applies overhead based on machine hours. Kubal reports the following for the year just ended: What is the amount of over- or underapplied overhead...
-
Applied vs. Actual Manufacturing Overhead Davis Manufacturing Corporation applies manufactur- ing overhead on the basis of 140% of direct labor cost. An analysis of the related accounts and job order...
Study smarter with the SolutionInn App