Suppose you invest $1000 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?

Question

Quizplus · Accepted Answer

The future value of an investment can be calculated using the formula: FV = PV * (1 + r)^n. For 10 years: FV = 1000 * (1 + 0.10)^10 ≈ $2594. For 50 years: FV = 1000 * (1 + 0.10)^50 ≈ $117,391.

Suppose You Invest $1000 into a Managed Fund That Is