Norma deposited $40.000 into a segregated fund 3 years ago that had a 75% maturity guarantee, a 10 year maturity, and offered an automatic reset. Last year, the segregated fund had grown in value to $$1,000. However, now a year later, the fund is valued at $58,500. Which of the following statements about Norma’s segregated fund is CORRECT?
1. The maturity guarantee of the fund is $38,250,
ii. The segregated fund matures in 7 years,
1. The maturity guarantee of the fund is $28.875
iv. The segregated fund matures 9 years.
i and ii
ii and iii
i and iv
iii and iv Get Finance homework help today