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Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value
Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below.
Year | Stivers | Trippi |
Year 1 | $10,900 | $5,700 |
Year 2 | $11,800 | $6,300 |
Year 3 | $12,700 | $7,000 |
Year 4 | $14,000 | $7,700 |
Year 5 | $14,900 | $8,600 |
Year 6 | $16,100 | $9,200 |
Year 7 | $17,000 | $9,900 |
Year 8 | $18,200 | $10,700 |
Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations.
Mean Annual Return (to 3 decimals) Stivers _____% Trippi ______%
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