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Louise invested $5,000 in an open-end, no-load mutual fund. The NAV was $14.47. All distributions have been reinvested. Three years later, she owns 472.516 shares.
Louise invested $5,000 in an open-end, no-load mutual fund. The NAV was $14.47. All distributions have been reinvested. Three years later, she owns 472.516 shares. The NAV is $14.45. What is the CAGR she has earned on this investment? I invested $3,257.09 in an open-end mutual fund with a 3.5% load. The NAV was $59.95. All distributions were reinvested. Seven years later, I owned 72.58 shares with an NAV of $52.08. What CAGR did I earn on my investment?
Please explain and do not copy from Chegg. Otherwise i have to report the answer.
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