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how to answer this in excel (5) Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund.
how to answer this in excel
(5) Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table: | ||||||||||
Year | Stivers ($) | Trippi ($) | ||||||||
1 | 11,000.00 | 5,600.00 | ||||||||
2 | 12,000.00 | 6,300.00 | ||||||||
3 | 13,000.00 | 6,900.00 | ||||||||
4 | 14,000.00 | 7,600.00 | ||||||||
5 | 15,000.00 | 8,500.00 | ||||||||
6 | 16,000.00 | 9,200.00 | ||||||||
7 | 17,000.00 | 9,900.00 | ||||||||
8 | 18,000.00 | 10,600.00 | ||||||||
Which of the two mutual funds performed better over this time period? |
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