5a. Read the following Article on Compounding:
https://www.fool.com/the-ascent/buying-stocks/arti…
5b. Define Compounding
5c. According to the article, if you are age 20 now and invested $100/month by age 65
How much would you have contributed ?
5d. How much would you have grown and in total earned you with compounding interest by age 65?
Read the following article:
https://www.investopedia.com/terms/m/mutualfund.as…
- In your words, summarize what a mutual fund is?
6b. What is an average interest rate you can get from a typical mutual fund?
Sample Solution
