Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap...
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Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other retirement income. During one three-month period, the fund grew by $2,800. If she withdraws 65 percent of the growth, how much will she receive? |
Homework Answers
If the value of this fund increased by $2,800, she will receive $1,820.
$2,800 fund growth x 0.65 = $1,820
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Since Tanya Martin retired, she has used income from her
investment in the Alger Mid Cap...
1.Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap...
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