The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. (Assume end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.) How much would be accumulated after 25 years in a retirement account invested entirely in the Vanguard 500 stock fund with payments of $280 per month? HINT [See Quick Example 1.] (Round your answer to the nearest cent.) SA $ Mutual Fund Fidelity Growth Company Vanguard 500 Index PIMCO Total Return Vanguard Total Bond Market Index Type Stock fund Stock fund Bond fund Bond fund Rate of 30.31% 17.98% 3.63% 3.10% Return

The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. (Assume end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.) How much would be accumulated after 25 years in a retirement account invested entirely in the Vanguard 500 stock fund with payments of $280 per month? HINT [See Quick Example 1.] (Round your answer to the nearest cent.) SA $ Mutual Fund Fidelity Growth Company Vanguard 500 Index PIMCO Total Return Vanguard Total Bond Market Index Type Stock fund Stock fund Bond fund Bond fund Rate of 30.31% 17.98% 3.63% 3.10% Return

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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