What types of services do you think he should look for in a managed fund? Assume that Tom invests in a managed fund that earns about 12% annually from dividend income and capital gains. Given that Tom...

What types of services do you think he should look for in a managed fund?

Assume that Tom invests in a managed fund that earns about 12% annually from dividend income and capital gains. Given that Tom wants to receive $1000 to $1500 a month from his fund, what would be the size of his investment account five years from now? How large would the account be if the fund earned 16% on average and everything else remained the same? How important is the fund’s rate of return to Tom’s investment situation? Explain.