economics buying mutual funds

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Written by:

Fred C


Date added:

November 29, 2011








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4 / 958


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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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