You have $5,000 in an index mutual fund. At an average annual rate of return of 10% per year, this investment should exceed a value of $500,000 by the time you retire in 40 years
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: FV = PV ∗ (1 + r)n = $5,000 ∗ (1.1)40 = $226,296.28.
Business
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The ________ compensates the investor for the additional risk that the loan will not be repaid in full
A) default premium B) inflation premium C) real rate D) interest rate
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Roma and Swain are partners in Roma & Swain Attorneys, LLP, a limited liability partnership. Roma supervises their firm's associate Taylor, who negligently fails to appear in court on behalf of Umberto, a client. Liability to Umberto rests only with? A) Roma and Taylor
B) Roma. C) Taylor. D) Roma and Swain.
Business