Consider an Investor Who Invests $600 Per Month (End-Of-Month)over Thirty

question 17

Multiple Choice

Consider an investor who invests $600 per month (end-of-month) over thirty years in a mutual fund that earns 1% per month.What is the future value of her savings?

• A) $2,096,978.48
• B) $2,606,514.35
• C) $2,159,806.22
• D) $2,122,696.21
• E) $2,545,722.36

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Definitions:

Economic Growth

An increase in a country's production of goods and services over time, shown by a rise in its Gross Domestic Product (GDP).

Private Property Rights

The legal rights to possess, use, and dispose of land or belongings owned by an individual or entity.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.

Wealth-Creating Assets

Resources or investments that have the potential to generate income or appreciate in value over time, contributing to an individual's or entity’s financial wealth.