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The table below includes beginning and ending data for the Dow Jones, NASDAQ, and the S&P 500. You are to find the average annual return
- The table below includes beginning and ending data for the Dow Jones, NASDAQ, and the S&P 500. You are to find the average annual return for each stock index. If you had $1,000 dollars to invest in each index on January 1, 2016, what would your investment balance be as of December 31, 2022 for each stock index? Please show all work.
| Index | 12/31/15 | 12/31/22 |
| Dow Jones | 17,823.07 | 34,086.04 |
| NASDAQ | 5,007.41 | 11,584.55 |
| S&P 500 | 2,043.94 | 4,076.60 |
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