Multiple Choice
Suppose you invest $1000 into a mutual fund that is expected to earn a rate of return of 11%. The amount of money will you have in ten years is closest to which of the following? The amount you will have in 50 years is closest to which of the following?
A) $1420; $110,739
B) $2271; $166,109
C) $2839; $184,565
D) $3123; $221,478
Correct Answer:
Verified
Correct Answer:
Verified
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