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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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