4) Look at Exhibit 17.3 on page 285. You invest $1,000 is each of the four categories of funds at the beginning of 1996 and withdraw your money at the end of 2015. For each of the four categories, calculate how much you would have earned/lost over that 20 year period.

Exhibit 17.3. Annualized Return for Selected Five-Year Periods for Various Mutual Funds and S&P 500 Stock Index 1996-2000 Large-cap funds 17.0% Mid-cap funds 14-9 Small-cap funds 15.1 S&P 500 18.3 2000-2004 Large-cap funds Mid-cap funds 42 Small-cap funds 8.1 S&P 500 -23 2003-2007 Large-cap funds 13.8% 170 Mid-can funds Less than a minute : 20 pages left Mid-cap funds 17.0 Small-cap funds 16.0 S&P 500 12.8 2006-2010 Large-cap funds Mid-cap funds 0.0 Small-cap funds 1.5 S&P 500 -2.9 2010-2015 Large-cap funds 21.1% Mid-cap funds 9.6 Small-cap funds 8.3 S&P 500 12.6 Source: The Individual Investor's Guide to the Top Mutual Funds, various issues Less than a minute 19 pages left vidual Investors. Momagor on AAII is