Question
Suppose a man invested $ 350 at the end of 1900 in each of three funds that tracked the averages of stocks, bonds, and cash,
Suppose a man invested
$350 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
2009?
Category
Average Annual Return
Stocks 6.6%
Bonds 1.7%
Cash 0.7%
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Algebra 1, Volume 2
Authors: Edward B. Burger, Juli K. Dixon, Steven J. Leinwand, Timothy D. Kanold
Student Edition
0544368185, 978-0544368187
