Dollar cost averaging in mutual fund by investing

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Reference no: EM131845161

1. Michael has been dollar cost averaging in a mutual fund by investing $2,500 at the beginning of every quarter for the past 7 years. He earns an average annual compound return of 9% on this investment, compounded quarterly. How much is the fund worth today?

$92,721.95.

$94,996.80.

$98,221,92.

$101,682,56.

2. Assume that the Federal Reserve announced that they will sell $500 billion worth of US Treasury securities through open market operations. This action will ___ money supply and most like ___ economic output.

increase; deflate

decrease; deflate

decrease; stimulate

increase; stimulate

Reference no: EM131845161

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