Answered: Q16: If you invest the $10,000 you…

Q16: If you invest the $10,000 you receive at graduation (age 22) in a mutual fund that averages a 12% annual return, how much will you have at retirement in 40 years?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter15: Mutual And Exchange Traded Funds

Section: Chapter Questions

Problem 3LTAI

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which one is correct answe please confirm?

Q16: If you invest the $10,000 you receive at graduation (age 22) in a mutual fund that averages a 12% annual return, how much will you have at retirement in 40 years?

	a.	$930,510
	b.	$510,285
	c.	$909,090
	d.	$783,879

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