Assume calvin invests in a mutual fund that earns about 10, Ask an Expert

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Assume Calvin invests in a mutual fund that earns about 10% annually from dividend income and capital gains. Given that Calvin wants to receive $1,000 to $1,500 a month from his mutual fund, what would be the size of his investment account 5 years from now? How large would the account be if the fund earned 15% on average and everything else remained the same? How important is the fund's rate of return ot Calvin's investment situation?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91383753

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