Go to the Investment Company Institute website and look up the  most recent data on the asset values and number of short-term and  long-term mutual funds using the following steps. The website is www.ici.org. Click on “Research and Statistics.” Click on “Fact  Book.” Click on the most recent year for “XXXX Investment  Company Fact Book.” Go to “Data Tables.” This section contains  the relevant data. The data on asset values and number of mutual  funds is among the first few pages. How have these values  increased since those for 2017 reported in Table 5–1?

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Year 1940 1950 1960 1970 1980 1990 1995 2000 2005 2006 2007 2008 2009 2010 2014 2017 Number of Funds 68 98 161 361 564 3,079 5,725 8,154 7,976 8,122 8,040 8,039 7,663 7,555 7,927 7,956 Total Assets ($ billions) Gross Sales Total Net Assets $0.45 2.53 17.03 47.62 134.76 1,065.19 2,811.29 6,964.31 8,891.01 10,397.75 11,999.71 9,620.27 11,111.16 11,833.09 15.873.40 18,746.29 $0.52 2.10 4.63 247.42 1,564.81 3,600.62 11,109.49 13,939.17 17,409.22 23,470.56 26,349.16 20,679.76 18,209.46 18.716.36 21,109.30 Redemptions $0.28 0.84 2.99 216.08 1,470.83 3,314.86 10,586.56 13,546.69 16,751.91 22,352.14 25,714.04 20,676.51 18,319.50 18.387.62 20,677.92