uan invested $21,000 in a mutual fund 6 yr ago. Today his investment is worth $36,002. Find the effective annual rate of return on his investment over the 6-yr period. (Round your answer to two decimal places.)

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A: Annuity is the number of payments which are equal in size and made in equal interval of time. Person…

Q: One year ago, Christos bought 1,100 units of the Dominion Aggressive Growth Fund at $20.40 per unit.…

A: INCOME YIELD Income Yield is the income Return on an Investment. For a Mutual Fund Income Yield is…

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A: The number of periods is the period involved in the case. It means how much time is included. For…

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A: present value refers to the concept of the time, value of money which is used by investors for…

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A: Cost of coffee on each weekday = $4.35Cost each week = $4.35*5 = $ 21.75Cost per year = $21.75*50 =…

Q: Suppose you invest $2000 into a mutual fund that is expected to earn a rate of return of 11%. The…

A: Investment (PV) = $2000 Rate of return (r) = 11%

Q: suppose you have $5,000 in a mutual fund in your IRA. Suppose also that you put $4,000 into the…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: You have just won a lottery that pays out $2.25 million in a lump sum. If you invest this in a…

A: Present Value = pv = $2.25 millionRate of Return = r = 7.5%Time = t = 30 Years

Q: You plan to invest $20,000.00 today in an equity unit trust fund expected to pay an average return…

A: Concept. Future value = A ( 1+r)n Where, A = amount invested. r = interest rate n = time period.

Q: You expect to receive $6433 at graduation in five years. You plan on investing it at 6.87% until you…

A: The concept of TVM refers to the interest-earning capacity of money because money earned earlier is…

Q: Suppose you have an opportunity to invest in a fund that pays 13% interest compounded annually.…

A: Initial investment in fund = $5000Interest on fund = 13%Loan amount = $2500Interest on loan = 8%To…

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A: future value of annuity formula: Future value =A×1+rmm×n-1rmwhere,A=annuityr=rate of…

Q: How much could you save for retirement if you chose to invest the money you spend on Starbucks…

A: Please refer to the image below.

Q: 1. Marcus would like to save up $3 million for his retirement. He has chosen a stock index fund that…

A: Hai there! thank you for the question. Question has multiple subparts. As per company guidelines…

Q: If you invest P5,000 in a mutual fund extending a total annual return of 8% and you re-invest the…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

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A: We need to find the future value of investment of Mr.Larry James. Future value is the amount reccive…

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Q: Suppose you have the opportunity to invest in a fund that pays 12% interest compounded annually.…

A: Given:workings:

Q: Mean annual return (to 3 decimals) Stivers % Trippi %

A: First I'm going to list the formulas and then solve them in excel. We can determine the annual…

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A: Future Value is the value of current investments at a certain future date at the assumed…

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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

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A: in this you have to find out future value of fund and than all amount investment in IRA FUND.

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A: Because you have psoted multiple questions, we will answer the first question only, for the…

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A: Annual return (r) = 10% or 0.1Number of years (n) = 40Future Value (FV) = $2 million or…

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A: The objective of the question is to calculate the accumulated value of the fund at the end of…

Q: Suppose you invest $2,500 in a fund earning 15% simple interest. Further suppose that you have the…

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Q: You invest $150 each month (starting today) into a mutual fund. You reinvest distributions. At the…

A: Rate of return. rate of return =

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A: The given details are:Investment amount: P100,000Interest rate: 8%Period (years): 10Fund closing…

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A: The money's time worth principle indicates that any sum of money is worth more currently as compared…

Q: Suppose you deposit $650 per month in a mutual fund that is expected to bear 10% interest compounded…

A: Future value refers to the concept of time, the value of money used for determining the value of…

Q: Value of investment after 10 years   $ _______________

A: Investment refers to the allocation of the money in order to earn benefit over the money invested.