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Mutual Funds The Peoples Mutual Fund reported the performance for two of its Funds. Peoples Mutual Fund Annual average return Education Fund 12.50% Retirement Fund

Mutual Funds

  1. The Peoples Mutual Fund reported the performance for two of its Funds.

Peoples Mutual Fund

Annual average return

Education Fund

12.50%

Retirement Fund

10.50%

  1. If you invested $10,000 in each fund 5-years ago, which of the funds would have had a higher ending wealth? (2 marks)

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