The ____ is a service offered by mutual funds that helps investors earn compound interest on their investments.

Question

Quizplus · Accepted Answer

The automatic reinvestment plan offered by mutual funds allows investors to automatically reinvest their dividends and capital gains back into the fund, earning compound interest on their investments. A retirement plan is a type of investment account, and an automatic withdrawal plan refers to a scheduled withdrawal of funds from an account. A conversion privilege refers to the ability to convert one investment into another, and an automatic investment plan allows for automatic contributions to an investment account.

The ____ Is a Service Offered by Mutual Funds That