Future Value of $1
What is the future value of a lump sum?
You have $1000 and you put it away You for 5 years at a 10% annual return. Calculate the amount you will have. You have $300 and you put it away You for 30 years at a 5% return. Calcul
Attractions of Mutual Funds
Save on commission
Once we buy a mutual fund we can have many different assets
Have to have different funds if we want a diversified portfolio
Investors pool resources together, company