When Jill Thompson received a large settlement from an automobile accident, she chose to invest $115,000 in the Vanguard 500 Ind
2 answers:
Answer:
Jill will have to pay $195.5 in fees this year.
Step-by-step explanation:
This question may be solved by a simple rule of three.
This fund has an expense ratio of 0.17 percent. This means that for each investment in this fund, there is a fee of 17% percent of the value.
$115,000 is 100%, that is, decimal 1. How much is 0.17%, that is, 0.0017 of this value. So
1 - $115,000
0.0017 - $x
Jill will have to pay $195.5 in fees this year.
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