Question
During the last four years, a certain mutual fund had the following rates of return: Year Rate of return 2014 4.3% 2015 3.6% 2016 4.8%
During the last four years, a certain mutual fund had the following rates of return:
| Year | Rate of return |
| 2014 | 4.3% |
| 2015 | 3.6% |
| 2016 | 4.8% |
| 2017 | 4.9% |
At the beginning of 2014, Alice invested $2,535 in this fund. At the beginning of 2015, Bob decided to invest some money in this fund as well. How much did Bob invest in 2015 if, at the end of 2017, Alice has 22% more than Bob in the fund?
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Pricing And Liquidity Of Complex And Structured Derivatives
Authors: Mathias Schmidt
1st Edition
3319459694, 978-3319459691
