Saylor, who earned $152 906 profit from his gamble on bitcoin, decides to invest half of the money in an ETF fund that is estimated to return 9.25% compounding monthly. How much will his ETF investment be worth after 10 years? Select one: a. $192 121.75 b. $85 342.68 c. $201 329.34 d. $112 121.75

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 7FPE
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Saylor, who earned $152 906 profit from his gamble on bitcoin, decides to invest half of the money in an ETF fund that is estimated to return 9.25% compounding monthly. How much will his ETF investment be worth after 10 years?

Select one:
a.

$192 121.75

b.

$85 342.68

c.

$201 329.34

d.

$112 121.75

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