One advantage of an ETF is being able to limit risk through diversity while enjoying the benefits of full market growth. If you happened to invest during the dot-com industry boom and enjoyed a 10 year 30% average growth rate, what would be the ending value of a $10,000 initial investment at the end of that 10 year ride?
A) $37,858.49
B) $1,137,858.49
C) $237,858.49
D) $317,858.49
E) $137,858.49
E) $137,858.49
Explanation: N = 10
I/Y = 30
PV = 10,000
CPT FV = 137,858.49
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