Question
Suppose that the following table gives information about your mutual fund: Year Rate of Return 2017 2018 5.8% 2019 4.5% The overall rate of return
Suppose that the following table gives information about your mutual fund:
| Year | Rate of Return |
| 2017 | |
| 2018 | 5.8% |
| 2019 | 4.5% |
The overall rate of return between 2017 and 2019 was 5.7%. If you invested $2,000 in this fund at the beginning of 2017, what would your investment be worth at the end of 2017?
Round your answer to the nearest dollar.
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
