You Have $5,000 in an Index Mutual Fund

question 114

True/False

You have $5,000 in an index mutual fund.At an average annual rate of return of 10% per year,this investment should exceed a value of $500,000 by the time you retire in 40 years.

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Definitions:

Maturity Value

The total amount that will be paid out or received at the end of an investment period, including principal and interest.

Investment

The act of managing money with the purpose of earning extra revenue or profit.

Maturity Value

The total amount to be received at the end of an investment period, including the principal and the interest earned.

Missing Value

A data point that is missing or not recorded in a dataset, which can impact the analysis and outcomes of statistical models.