Amen invested GHC200 in a hedge fund atan annual interest of rate of 15%, if he isexpected to receive GHC1,220 at the end ofthe invested, how long will he be with theinvestment ?

Given information : Initial investment 200 Annual interest rate 15% Expected amount 1220…

Answered: Amen invested GHC200 in a hedge fund at…

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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An investor buys Go-Go Mutual Fund on January 1 at a net asset value of GHS21.20. At the end of the year, the price is GHS25.40. Also, the investor receives GHS0.50 in dividends and GHS0.35 in capital gains distributions. What is the total percent return on the beginning net asset value?
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