Question
A mutual fund earned 10% over the last year and 15% per year over the last 2 years (all returns are geometric averages). If you
A mutual fund earned 10% over the last year and 15% per year over the last 2 years (all returns are geometric averages). If you invested $10,000 per year in the fund in each of the last 2 years. How much would your investments be worth today? What is your average return (IRR)?
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Financial Management For Nonprofit Human Service Organizations
Authors: Raymond Sanchez Mayers
2nd Edition
0398075131, 9780398075132
