Question
The following table gives the rate of return for a certain mutual fund for each of the last four years: Year Rate of Return 2013
The following table gives the rate of return for a certain mutual fund for each of the last four years:
| Year | Rate of Return |
| 2013 | 3.5% |
| 2014 | 3.8% |
| 2015 | 2.8% |
| 2016 | 2.6% |
Suppose that you invested $5121 in the fund in 2013, and that at the end of 2016 you had 88 shares. What was this fund's net asset value at the end of 2016?
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
