a. During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued, how much would a $9,000 investment in an S&P index fund have been worth after 7 years? (Round your answer to the nearest cent.) b. You invest $10,000 in Rapid Growth Funds, which appreciate by 4% per year, with yields reinvested quarterly. By how much (in dollars) will your investment have grown after 4 years? (Round your answer to the nearest cent.)
a. During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued, how much would a $9,000 investment in an S&P index fund have been worth after 7 years? (Round your answer to the nearest cent.) b. You invest $10,000 in Rapid Growth Funds, which appreciate by 4% per year, with yields reinvested quarterly. By how much (in dollars) will your investment have grown after 4 years? (Round your answer to the nearest cent.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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a. During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued, how much would a $9,000 investment in an S&P index fund have been worth after 7 years? (Round your answer to the nearest cent.)
b. You invest $10,000 in Rapid Growth Funds, which appreciate by 4% per year, with yields reinvested quarterly. By how much (in dollars) will your investment have grown after 4 years? (Round your answer to the nearest cent.)
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