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Suppose that at the beginning of Year 1 you invested $ 1 0 , 0 0 0 in the Stivers mutual fund and $ 5
Suppose that at the beginning of Year you invested $ in the Stivers mutual fund and $ in the Trippi mutual fund. The value of each investment at the end of
each subsequent year is provided in the table below.
Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations.
Which mutual fund performed better?
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