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Intro A mutual fund delivered the following annual returns over the last 4 years: Year 1 2 3 4 Return 9% 3% 13% 3% Attempt

Intro

A mutual fund delivered the following annual returns over the last 4 years:

Year 1 2 3 4
Return 9% 3% 13% 3%

Attempt 1/3 for 10 pts.

Part 1

If you had invested $18,000 at the beginning of the period, what would be the value of your money after 4 years?

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Attempt 1/3 for 10 pts.

Part 2

What was the geometric average return over the 4 years?

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