Question
Please help, thank you in advance. Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At the end of 2009,
Please help, thank you in advance. Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At the end of 2009, the value of his holdings was $1,700, and he calculated that his investment had grown 2.5%. In 2010, the DWJ Fund lost -1.0%. At the end of 2011, Roger calculated that his 3 year average annual return was 5.3%. In the first month of 2012 (January), the DWJ Fund grew 0.7%. CALCULATED VARIABLES: (Dont know if this info below is helpful) cagr = 0.051(5.1%) 2011value = $1,925 rate2011 = 0.144(14.4%) value2010 = $1,683 2009growth = $41 initial = $1,659 If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what will the annual growth rate be?
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