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Suppose a man invested $300 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively.
Suppose a man invested $300 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash, respectively. Assuming that his investments grew at the rates given in the table to the right, approximately how much would each investment have been worth at the end of 2011?
Category Average Annual Return Stocks 6.4% Bonds 2.1% Cash 0.7%
His investment in the fund tracking stocks would be worth approximately $___.
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