MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following table shows the average returns for...
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MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans (Anrum end-of-month deposits and withdraws and monthly compounding, and assume that the quoted rate of return continues indefinitely) Mutual Fund Fidelity Growth Company Vanguard 500 Index PIMCO Total Return Vanguard Total Bond Market Index Rate of Return 15.839 13.25% 2.779 Type Stock und Stock fund Bond fund Bond fund How much would be accumulated after 30 years in a retirement account invested entirely in the Fidelity stock fund with payments of 5400 per month? HINT(See Quick Example 1. Round you answer to the nearest cont.) 5
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