Is this Mutual fund give up subtraction right?
If I invest $3000 in a fund yielding 12% a year. In 25 years, it would grow to 59,365?
Answers: It might, but no mutual fund ever make exactly the same amount every year.
It might make more
It might trade name less
It might lose money
It might pay dividends or income gains, which if not reinvested, will dampen the Net Asset Value.
Plus there are management fees.
Some hold loads (sales fees).
It would fall short of the number you give. The course to calculate this is to raise 1.12 to the 25th power and afterwards multiply by your initial investment of $3,000. It works out to $51,000.19
Additional info: Your answer can be obtained if the 12% is compounded monthly. That calculation is 1.01 raise to the 300th power - the number of months in 25 years - then multiply by $3,000. That works out to $59.365.40
On a mutual fund, what does minimum subsequest investment indicate?
How can you purloin positive aspect of high-ranking interest rates contained by foreign countries?
How long must one hold the stock contained by lay down to in actual fact be compensated the advertise dividend?
Online brokers?
I'm going to begin a Roth IRA online...what do I invest my money within? Im a rookie.?
I enjoy some problem starting sour buying shares.i am biggener. please support?
Saving Money?
Whether bse and nse are beneath federal govt.?
Answers: It might, but no mutual fund ever make exactly the same amount every year.
It might make more
It might trade name less
It might lose money
It might pay dividends or income gains, which if not reinvested, will dampen the Net Asset Value.
Plus there are management fees.
Some hold loads (sales fees).
It would fall short of the number you give. The course to calculate this is to raise 1.12 to the 25th power and afterwards multiply by your initial investment of $3,000. It works out to $51,000.19
Additional info: Your answer can be obtained if the 12% is compounded monthly. That calculation is 1.01 raise to the 300th power - the number of months in 25 years - then multiply by $3,000. That works out to $59.365.40