A Mutual Fund That Requires Investors to Make Regular Purchases

question 145

Multiple Choice

A mutual fund that requires investors to make regular purchases over a specified period of time is called a:

• A)regular account.
• B)voluntary savings plan.
• C)contractual savings plan.
• D)minimum withdrawal plan.
• E)free contract plan.

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Definitions:

X-Intercept

The x-intercept of a graph is the point(s) at which the graph crosses the x-axis, meaning the y-value at this point is zero.

Polynomial Equation

An equation that involves only polynomials, which are expressions consisting of variables and coefficients structured over addition, subtraction, and multiplication.

Factoring

The process of breaking down an equation into simpler components that are multiplied together.

Equation

An assertion in mathematics that two expressions, which may include variables, are equal.