SlideShare a Scribd company logo
Melissa's wealthy uncle gives her $10,000 as a graduation gift.
Melissa wishes to save this money and get an early start on
preparing for her retirement. After analyzing several investment
options, Melissa deposits the money in a stock index mutual
fund. Melissa anticipates that on average the investment will
earn 8% per year over the 40 years until retirement. What will
be the value of Melissa's investment if she plans on retiring in
40 years?

More Related Content

More from healdkathaleen

Milestone 2Outline of Final PaperYou will create a robust.docx
Milestone 2Outline of Final PaperYou will create a robust.docxMilestone 2Outline of Final PaperYou will create a robust.docx
Milestone 2Outline of Final PaperYou will create a robust.docx
healdkathaleen
 
MigrationThe human population has lived a rural lifestyle thro.docx
MigrationThe human population has lived a rural lifestyle thro.docxMigrationThe human population has lived a rural lifestyle thro.docx
MigrationThe human population has lived a rural lifestyle thro.docx
healdkathaleen
 
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docxMid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
healdkathaleen
 
MicroeconomicsUse what you have learned about economic indicators .docx
MicroeconomicsUse what you have learned about economic indicators .docxMicroeconomicsUse what you have learned about economic indicators .docx
MicroeconomicsUse what you have learned about economic indicators .docx
healdkathaleen
 
Michael Dell began building and selling computers from his dorm room.docx
Michael Dell began building and selling computers from his dorm room.docxMichael Dell began building and selling computers from his dorm room.docx
Michael Dell began building and selling computers from his dorm room.docx
healdkathaleen
 
Michael is a three-year-old boy with severe seizure activity. He h.docx
Michael is a three-year-old boy with severe seizure activity. He h.docxMichael is a three-year-old boy with severe seizure activity. He h.docx
Michael is a three-year-old boy with severe seizure activity. He h.docx
healdkathaleen
 
Michael graduates from New York University and on February 1st of th.docx
Michael graduates from New York University and on February 1st of th.docxMichael graduates from New York University and on February 1st of th.docx
Michael graduates from New York University and on February 1st of th.docx
healdkathaleen
 
Message Using Multisim 11, please help me build a home security sys.docx
Message Using Multisim 11, please help me build a home security sys.docxMessage Using Multisim 11, please help me build a home security sys.docx
Message Using Multisim 11, please help me build a home security sys.docx
healdkathaleen
 
Methodology of H&M internationalization Research purposeRe.docx
Methodology of H&M internationalization Research purposeRe.docxMethodology of H&M internationalization Research purposeRe.docx
Methodology of H&M internationalization Research purposeRe.docx
healdkathaleen
 
Mental Disability DiscussionConsider the typification of these c.docx
Mental Disability DiscussionConsider the typification of these c.docxMental Disability DiscussionConsider the typification of these c.docx
Mental Disability DiscussionConsider the typification of these c.docx
healdkathaleen
 
Meningitis Analyze the assigned neurological disorder and prepar.docx
Meningitis Analyze the assigned neurological disorder and prepar.docxMeningitis Analyze the assigned neurological disorder and prepar.docx
Meningitis Analyze the assigned neurological disorder and prepar.docx
healdkathaleen
 
Memoir Format(chart this)Introduction (that captures the r.docx
Memoir Format(chart this)Introduction (that captures the r.docxMemoir Format(chart this)Introduction (that captures the r.docx
Memoir Format(chart this)Introduction (that captures the r.docx
healdkathaleen
 
Mental Disorders Please respond to the following·Analyze .docx
Mental Disorders Please respond to the following·Analyze .docxMental Disorders Please respond to the following·Analyze .docx
Mental Disorders Please respond to the following·Analyze .docx
healdkathaleen
 
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docxMendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
healdkathaleen
 
Metro EthernetEthernet has been widely deployed around the world.docx
Metro EthernetEthernet has been widely deployed around the world.docxMetro EthernetEthernet has been widely deployed around the world.docx
Metro EthernetEthernet has been widely deployed around the world.docx
healdkathaleen
 
Mental Disorders Please respond to the followingAnalyze the fac.docx
Mental Disorders Please respond to the followingAnalyze the fac.docxMental Disorders Please respond to the followingAnalyze the fac.docx
Mental Disorders Please respond to the followingAnalyze the fac.docx
healdkathaleen
 
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docxMelissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
healdkathaleen
 
Memory Systems ExamDevelop 10 exam questions regarding t.docx
Memory Systems ExamDevelop 10 exam questions regarding t.docxMemory Systems ExamDevelop 10 exam questions regarding t.docx
Memory Systems ExamDevelop 10 exam questions regarding t.docx
healdkathaleen
 
Medieval society was divided into three groups known as the Three E.docx
Medieval society was divided into three groups known as the Three E.docxMedieval society was divided into three groups known as the Three E.docx
Medieval society was divided into three groups known as the Three E.docx
healdkathaleen
 
Media Quiz. David Cesarani would agree most with which of the foll.docx
Media Quiz. David Cesarani would agree most with which of the foll.docxMedia Quiz. David Cesarani would agree most with which of the foll.docx
Media Quiz. David Cesarani would agree most with which of the foll.docx
healdkathaleen
 

More from healdkathaleen (20)

Milestone 2Outline of Final PaperYou will create a robust.docx
Milestone 2Outline of Final PaperYou will create a robust.docxMilestone 2Outline of Final PaperYou will create a robust.docx
Milestone 2Outline of Final PaperYou will create a robust.docx
 
MigrationThe human population has lived a rural lifestyle thro.docx
MigrationThe human population has lived a rural lifestyle thro.docxMigrationThe human population has lived a rural lifestyle thro.docx
MigrationThe human population has lived a rural lifestyle thro.docx
 
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docxMid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docx
 
MicroeconomicsUse what you have learned about economic indicators .docx
MicroeconomicsUse what you have learned about economic indicators .docxMicroeconomicsUse what you have learned about economic indicators .docx
MicroeconomicsUse what you have learned about economic indicators .docx
 
Michael Dell began building and selling computers from his dorm room.docx
Michael Dell began building and selling computers from his dorm room.docxMichael Dell began building and selling computers from his dorm room.docx
Michael Dell began building and selling computers from his dorm room.docx
 
Michael is a three-year-old boy with severe seizure activity. He h.docx
Michael is a three-year-old boy with severe seizure activity. He h.docxMichael is a three-year-old boy with severe seizure activity. He h.docx
Michael is a three-year-old boy with severe seizure activity. He h.docx
 
Michael graduates from New York University and on February 1st of th.docx
Michael graduates from New York University and on February 1st of th.docxMichael graduates from New York University and on February 1st of th.docx
Michael graduates from New York University and on February 1st of th.docx
 
Message Using Multisim 11, please help me build a home security sys.docx
Message Using Multisim 11, please help me build a home security sys.docxMessage Using Multisim 11, please help me build a home security sys.docx
Message Using Multisim 11, please help me build a home security sys.docx
 
Methodology of H&M internationalization Research purposeRe.docx
Methodology of H&M internationalization Research purposeRe.docxMethodology of H&M internationalization Research purposeRe.docx
Methodology of H&M internationalization Research purposeRe.docx
 
Mental Disability DiscussionConsider the typification of these c.docx
Mental Disability DiscussionConsider the typification of these c.docxMental Disability DiscussionConsider the typification of these c.docx
Mental Disability DiscussionConsider the typification of these c.docx
 
Meningitis Analyze the assigned neurological disorder and prepar.docx
Meningitis Analyze the assigned neurological disorder and prepar.docxMeningitis Analyze the assigned neurological disorder and prepar.docx
Meningitis Analyze the assigned neurological disorder and prepar.docx
 
Memoir Format(chart this)Introduction (that captures the r.docx
Memoir Format(chart this)Introduction (that captures the r.docxMemoir Format(chart this)Introduction (that captures the r.docx
Memoir Format(chart this)Introduction (that captures the r.docx
 
Mental Disorders Please respond to the following·Analyze .docx
Mental Disorders Please respond to the following·Analyze .docxMental Disorders Please respond to the following·Analyze .docx
Mental Disorders Please respond to the following·Analyze .docx
 
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docxMendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
Mendel and the re-discoverers of genetics Correns, de Vries and Tsch.docx
 
Metro EthernetEthernet has been widely deployed around the world.docx
Metro EthernetEthernet has been widely deployed around the world.docxMetro EthernetEthernet has been widely deployed around the world.docx
Metro EthernetEthernet has been widely deployed around the world.docx
 
Mental Disorders Please respond to the followingAnalyze the fac.docx
Mental Disorders Please respond to the followingAnalyze the fac.docxMental Disorders Please respond to the followingAnalyze the fac.docx
Mental Disorders Please respond to the followingAnalyze the fac.docx
 
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docxMelissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
Melissas wealthy uncle gives her $10,000 as a graduation gift. Meli.docx
 
Memory Systems ExamDevelop 10 exam questions regarding t.docx
Memory Systems ExamDevelop 10 exam questions regarding t.docxMemory Systems ExamDevelop 10 exam questions regarding t.docx
Memory Systems ExamDevelop 10 exam questions regarding t.docx
 
Medieval society was divided into three groups known as the Three E.docx
Medieval society was divided into three groups known as the Three E.docxMedieval society was divided into three groups known as the Three E.docx
Medieval society was divided into three groups known as the Three E.docx
 
Media Quiz. David Cesarani would agree most with which of the foll.docx
Media Quiz. David Cesarani would agree most with which of the foll.docxMedia Quiz. David Cesarani would agree most with which of the foll.docx
Media Quiz. David Cesarani would agree most with which of the foll.docx
 

Recently uploaded

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
siemaillard
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Po-Chuan Chen
 
Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
vaibhavrinwa19
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
TechSoup
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
TechSoup
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
kaushalkr1407
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
Peter Windle
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 

Recently uploaded (20)

CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdfAdversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
Adversarial Attention Modeling for Multi-dimensional Emotion Regression.pdf
 
Acetabularia Information For Class 9 .docx
Acetabularia Information For Class 9  .docxAcetabularia Information For Class 9  .docx
Acetabularia Information For Class 9 .docx
 
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup   New Member Orientation and Q&A (May 2024).pdfWelcome to TechSoup   New Member Orientation and Q&A (May 2024).pdf
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
 
Introduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp NetworkIntroduction to AI for Nonprofits with Tapp Network
Introduction to AI for Nonprofits with Tapp Network
 
The Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdfThe Roman Empire A Historical Colossus.pdf
The Roman Empire A Historical Colossus.pdf
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 

Melissas wealthy uncle gives her $10,000 as a graduation gift. Me.docx

  • 1. Melissa's wealthy uncle gives her $10,000 as a graduation gift. Melissa wishes to save this money and get an early start on preparing for her retirement. After analyzing several investment options, Melissa deposits the money in a stock index mutual fund. Melissa anticipates that on average the investment will earn 8% per year over the 40 years until retirement. What will be the value of Melissa's investment if she plans on retiring in 40 years?