Question
Fund ABC initial amount is $ 100,000. The fund's operating expense ratio is at 0.28%. If the fund earned the average 13% gross return a
Fund ABC initial amount is $ 100,000. The fund's operating expense ratio is at 0.28%. If the fund earned the average 13% gross return a year, calculate the net value of Fund ABC after considering the operating expense at the end of year 5.
a. $184,244
b. $181,972
c. $182,844
d. $181,569
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
3rd Edition
0987507133, 978-0987507136
