Answer:
a)
Explanation:
Mutual funds are investment companies called AMC( asset management companies ) that gather funds from public by issuing units. These funds are then invested in financial securities and financial instruments likes bonds and shares. Mutual funds are managed by financial experts and are less risky for common public than direct investment in stock market.
Answer:
either this is a stupid question or this isnt asked right hahaha, based on the basic info here, 51??
Explanation:
Answer:
3.12%
Explanation:
We use formula in excel to calculate annual rate of return
Rate = (Nper,PMT,,FV,1)
Nper (number of payments): 30
PMT (payment made every period) : -$20,000
FV (future value of investment): $1,000,000
type 1 for payment beginning of period
Then rate = (30,-20000,,1000000,1)= 3.12%
Please see excel attached for the calculation
Answer:
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I NEED POINTS PLS DONT REORT!! THX
Explanation:
