Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 13 1 points save answer sharon convinces

QUESTION 13 1 points Save Answer Sharon convinces Dante that because school is both very...

90.2K

Verified Solution

Question

Finance

image

QUESTION 13 1 points Save Answer Sharon convinces Dante that because school is both very expensive and very important, they should consider an investment account with a higher rate of return. They explored their options and have selected a very conservative index mutual fund that has a performed with a return of 4.7%, compounded monthly How much will they have saved by their child's 18th birthday with this higher rate of return? How much interest will be earned

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

Physics
1.2K views

mping find out the expressions for amplitude and time period find out the solution for...

Basic Math
1.2K views

You want to be able to withdraw $45,000 each year for 30 years. Your account...

Statistics
1.2K views

Question 3 6 pts The following table represents gas well completions during 1986 in North...

Calculus
1.2K views

Evaluate the definite integral 11 13 0 3x 3x dx

Accounting
1.2K views

The objective of financial reporting is to provide information about the reporting entity to...

Accounting
1.2K views

Superior Company provided the following data for the year ended December 31(all raw materials are...

Accounting
1.2K views

Mystic Lake Inc. bottles and distributes spring water. On July 9 of the current year,...

Accounting
1.2K views

Montgomery Industries spent $700,000 in 2023 on a construction project to build a library. Montgomery...

Accounting
1.2K views

MSI is considering outsourcing the production of the handheld control module used with some of...

Accounting
1.2K views

Exercise 10-18 (Algorithmic) Recording Stock Transactions Irons Incorporated entered into the following stock transactions: Apr....

Finance
1.2K views

10.15 The Moontiz Group recently reported sales of $20 million on NOA of $11 million....

Accounting
1.2K views

On February 1,2020 , Swifty Company sells merchandise on account to Blossom Company for $6600....