Again using annual returns of 3%, 20% and -5%, how could you accurately calculate the ending balance of you account if you had invested $1,000 at the beginning of the three year period.

Select one:

a. Take the FV of your investment compounded at the arithmetic average for 3 years

b. Multiply $1,000 by 1.03, then by 1.2, then by 1.05

c. Take the FV of your investment compounded at the geometric average for 3 years

d. None of the choices is an accurate choice

Mutual funds:

Select one:

a. Trade once per day at NAV

b. Typically offer broad diversification in a single trade

c. Sometimes carry an upfront charge called a "load"

d. All of these statements are accurate