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You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value
You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
\begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Market values } & Index values \\ \hline Year 1: $4,387 million & \\ \hline Year 2: $4,671 million & \\ \hline Year 3: $5,032 million & \\ \hline Year 4: $4,820 million & \\ \hline Year 5: $5,369 million & \\ \hline \end{tabular}Step by Step Solution
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