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A mutual fund delivered the following annual returns over the last 4 years: Year 1 2 3 4 Return 8% 3% 13% 5% Attempt 1/10
A mutual fund delivered the following annual returns over the last 4 years:
Year | 1 | 2 | 3 | 4 |
Return | 8% | 3% | 13% | 5% |
Attempt 1/10 for 10 pts.
Part 1
If you had invested $19,000 at the beginning of the period, what would be the value of your money after 4 years?
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Attempt 1/10 for 10 pts.
Part 2
What was the geometric mean return over the 4 years?
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