Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. if you could only save $1 per day, and invest it t

If you could only save $1 per day, and invest it the small stock index,...

50.1K

Verified Solution

Question

Finance

If you could only save $1 per day, and invest it the small stock index, which on average returns 17% per year. Assume you invest on monthly basis, and average of 30 days per month (so you save each day, and invest the savings at the end of the month). How much money you would have in 40 years of consistently doing this, and if all assumptions hold?

$1,810,611.96

$1,674,897.98

$2,011,044.75

None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Background information regarding what skin pigmentation is and/or why humans have skin pigmentation Why dark pigmentation is...

Chemistry
1.2K views

1.) which metric, atom economy or e factor, is more important for accessing the greenest procedure?

Chemistry
1.2K views

Solvent vessels must be purged before maintenance personnel enter in order to ensure that: (1) sufficient...

Basic Math
1.2K views

1. Suppose you would like to do a survey of undergraduate students on your campus to...

Accounting
1.2K views

Presented below are several facts related to ABC Company. Assume that no mention of these facts...

Basic Math
1.2K views

Use matrices to solve the system of linear equations, if possible. Use Gauss-Jordan elimination. (If...

Calculus
1.2K views

Find the flux of the vector field e 3z xy across the curved sides of...

Algebra
1.2K views

Suppose you attend a fundraiser where each person in attendance is given a ball each...

Accounting
1.2K views

2019 for all Required information The following information applies to the questions displayed...

Accounting
1.2K views

warehouse. Analysis has resulted in the following facts: - The asking...

Accounting
1.2K views

What are the differences between basic and diluted earnings per share? What are the differences...

Accounting
1.2K views

Simon Company's year-end balance sheets follow. At December 31 Current Yr...