economics buying mutual funds
Essay specific features
Written by:
Fred C
Date added:
November 29, 2011
Level:
University
Grade:
A
No of pages / words:
4 / 958
Was viewed:
6785 times
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Essay content:
The before tax rate of return must be determined for each of the funds including the costs of investments. $90,000 was divided between the three mutual funds. The three funds that were chosen were: The Vanguard 500 Index (symbol VFINX), Merrill Lynch Balanced Capital R (symbol MRBPX), and Schwab Technology Focus (symbol SWTFX)...
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There was $30,037.75 invested in the Vanguard 500 Index fund, $30,004.80 invested in the Merrill Lynch Balanced Capital R, and $30,004.50 invested the Schwab Technology Focus. The rate of returns for all of the funds combined ended up positive.
Description of Purpose:
The purpose of the assignment is to get an understanding of engineering economy is used through a real life situation...
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