Suppose you invest $1 000 into a managed fund that is expected to earn an annual rate of return of 10%. The amount of money you will have in ten years is closest to which of the following? The amount you will have in 50 years is closest to which of the following?
A)$2 594; $45 259
B)$3 138; $ 1 311 892
C)$2 594; $117 391
D)$386; $9

Question

Quizplus · Accepted Answer

The Answer of Suppose you invest $1 000 into a managed fund that is expected to earn an annual rate of return of 10%. The amount of money you will have in ten years is closest to which of the following? The amount you will have in 50 years is closest to which of the following?
A)$2 594; $45 259
B)$3 138; $ 1 311 892
C)$2 594; $117 391
D)$386; $9

Suppose You Invest $1 000 into a Managed Fund That