You have $38,000 to invest. If you invest in an ETF that follows an index you will pay $15.10 in commission and 0.5% in yearly charges. If the index were to produce a return of 8.7%, how much will it be the overall cost of holding the ETF (relative to investing directly in the index) over the course of 17 years? Include the transaction cost. Answer: 0x (11,887.19)

You have $38,000 to invest. If you invest in an ETF that follows an index you will pay $15.10 in commission and 0.5% in yearly charges. If the index were to produce a return of 8.7%, how much will it be the overall cost of holding the ETF (relative to investing directly in the index) over the course of 17 years? Include the transaction cost. Answer: 0x (11,887.19)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...

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