Suppose You Invest $1,000 into a Mutual Fund That Is

question 37

Multiple Choice

Suppose you invest $1,000 into a mutual fund that is expected to earn a rate of return of 10%.The amount of money will you have in 10 years is closest to which of the following? The amount you will have in 50 years is closest to which of the following?

• A) $386; $9
• B) $2,594; $45,259
• C) $2,594; $117,391
• D) $3,138; $ 1,311,892

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Definitions:

Heredity

The transmission of genetic characteristics from parents to offspring through their genes.

Temperament

An individual's inherent personality traits, including their disposition and their typical reaction to different situations.

Maturation

The progression through which a person grows to reach a state of complete maturity or optimal operation.

Grief

An emotional response to loss, particularly to the loss of someone or something to which a bond was formed. It involves a range of feelings from deep sadness to anger.