Part 1: The Vanguard 500 (ticker: VFINX) is an index mutual fund that invests in the Standard & Poor's 500 (500 largest US public companies). On June 19, 2020 a share in this fund cost $287.20. Ten years ago, this same fund's share price was $99.60. Calculate the annual compounded return on this fund over that 10 year period.

Part 2: Assuming the average annual compounded return you calculated above for the last 10 years, estimate what the Vanguard 500 share price will be 10 years in the future (June, 2030).