Math 141
rebcca 1A mutual fund work with this rates:
NAME | Net assets (Mil $) | 3 year return | 5 year return | 10 year return | Risk Rating | Expense Ratio |
11 | 3.2% | 5.2% | 6.0% | Low | 1.37% |
Questions: Exercise
Find the average return over the last ten years on a mutual fund of your choice. Use that average return to see what your investment account would look like if you had invested $10,000 at that rate of return, at 2% less, and at 2% more for 35 years compounded quarterly. Show your result numerically and graphically. What can you conclude about the affect of the rate of return on your retirement plans?
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