A mutual fund work with this rates:
|
NAME
|
Net assets (Mil $)
|
3 year return
|
5 year return
|
10 year return
|
Risk
Rating
|
Expense Ratio
|
|
Valley Forge
|
11
|
3.2%
|
5.2%
|
6.0%
|
Low
|
1.37%
|
Questions:
Find the average return over the last ten years on a mutual fund of your choice. Use that average return to see what your investment account would look like if you had invested $10,000 at that rate of return, at 2% less, and at 2% more for 35 years compounded quarterly. Show your result numerically and graphically. What can you conclude about the affect of the rate of return on your retirement plans?