Question
Suppose that the following table gives information about your mutual fund: Year Rate of Return 2014 5.5% 2015 2016 3.8% The overall rate of return
Suppose that the following table gives information about your mutual fund:
| Year | Rate of Return |
| 2014 | 5.5% |
| 2015 | |
| 2016 | 3.8% |
The overall rate of return between 2014 and 2016 was 5.2%. If you invested $8882 in this fund at the beginning of 2014, what would your investment be worth at the end of 2015?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
