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Five years ago you invested in the Future investco Mutual Fund by purchasing 1,000 shares of the fund at a net asset value of 518
Five years ago you invested in the Future investco Mutual Fund by purchasing 1,000 shares of the fund at a net asset value of 518 37 por share Because you did not need the income, you elected to reinvest all dividends and capital gains distributions Today, you sell your 1 250 shares in this tund for 520 49 per share. What is the compounded rate of retum on this investment over the five year period? The compounded rate of return on this investment over the five-year period is % (Round to wo decimal places)
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