Suppose that at the beginning of Year 1 you invested $10,000 in the mutual fund A and $5,000 in the mutual fund B. The value of each investment at the end of each subsequent year is provided in the table below. Year B 1 $12,000 $6,200 2 $13,000 $7,500 3 $14,000 $8,700 4 $15,000 $10,000 5 $16,000 $11,500 16 $17,000 $12,800 7 $18,000 $14,100 8 $19,000 $15,400 Compute the mean annual return (as a percent) of both funds. (Round your answers to one decimal place.) Fund A Fund B % % Which mutual fund performed better? The performance of mutual fund B was better than the performance of mutual fund A. Need Help? Read It