1. 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