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3) Assume that you purchased $2,200 worth of ZZZ mutual fund at the start of 2007. In searching your records you find that you made

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3) Assume that you purchased $2,200 worth of ZZZ mutual fund at the start of 2007. In searching your records you find that you made 28% in 2007, 5% in 2008-15% in 2009, and -3% in 2010. Ifyou expect to earn about the geometric average of the returns for these four years during 2011 and 2012, how much should your investment in ZZZ mutual fund be worth at the end of 2012

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