The average annual total returns for the Titan Equity Fund and its corresponding market benchmark for several

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The average annual total returns for the Titan Equity Fund and its corresponding market benchmark for several recent years were as follows: 

Titan equity fund Market benchmark 1 Year 11.29% 16.94 3 Years 6.21% 9.16 5 Years 4.31% 6.10 10 Years 11.94%

Therefore, investing $10,000 in the Titan Fund and compounding at the rate of 11.94 percent for 10 years would produce a final wealth of $30,893 (rounded). To make the calculation, convert 11.94 percent to a decimal, add 1.0, and raise 1.1194 to the 10th power.35 Finally, multiply this result, 3.08925, by the $10,000 to obtain $30,892.50: 

(1.1194)10 x $10,000 = $30,892.50 

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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